8,000 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,000 shares of the company’s stock, valued at approximately $1,527,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Coca Cola Femsa by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after acquiring an additional 3,351 shares in the last quarter. CW Advisors LLC acquired a new stake in Coca Cola Femsa during the second quarter valued at $260,000. EverSource Wealth Advisors LLC boosted its position in Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after purchasing an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Coca Cola Femsa by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after purchasing an additional 12,979 shares in the last quarter.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $114.79 on Thursday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $117.09. The business has a 50-day moving average of $107.54 and a two-hundred day moving average of $105.65. The stock has a market capitalization of $192.92 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.39 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The business had revenue of $4.36 billion for the quarter. On average, equities research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s payout ratio is 62.15%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KOF shares. HSBC reaffirmed a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Coca Cola Femsa has an average rating of “Hold” and an average target price of $118.83.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.