Quantinno Capital Management LP Acquires 5,892 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Quantinno Capital Management LP grew its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 30.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,509 shares of the company’s stock after acquiring an additional 5,892 shares during the quarter. Quantinno Capital Management LP’s holdings in Coca Cola Femsa were worth $2,488,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Coca Cola Femsa by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 buying an additional 3,351 shares during the last quarter. CW Advisors LLC acquired a new position in shares of Coca Cola Femsa during the second quarter worth $260,000. EverSource Wealth Advisors LLC increased its holdings in shares of Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after buying an additional 601 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Coca Cola Femsa by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after acquiring an additional 12,979 shares during the last quarter.

Coca Cola Femsa Stock Down 0.1%

Shares of NYSE:KOF opened at $110.33 on Monday. The firm has a market cap of $185.43 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.35 and a beta of 0.52. 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 S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The business has a fifty day simple moving average of $106.31 and a 200 day simple moving average of $105.09.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. UBS Group lifted their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. HSBC restated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.