21,830 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,830 shares of the company’s stock, valued at approximately $2,319,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its holdings in Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares in the last quarter. Whipplewood Advisors LLC raised its position in shares of Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Coca Cola Femsa by 138.9% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in Coca Cola Femsa during the third quarter worth approximately $49,000.

Coca Cola Femsa Trading Down 0.4%

NYSE:KOF opened at $112.04 on Friday. The company has a market capitalization of $188.31 billion, a PE ratio of 17.67, a P/E/G ratio of 1.51 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $117.09. The stock’s 50 day moving average price is $108.24 and its 200 day moving average price is $105.69. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors 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. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a yield of 4.0%. Coca Cola Femsa’s payout ratio is currently 62.15%.

Analysts Set New Price Targets

Several brokerages have commented on KOF. JPMorgan Chase & Co. increased their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. HSBC restated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Barclays boosted their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Company 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.