Danske Bank A S Invests $280.67 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Danske Bank A S bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,453,563 shares of the company’s stock, valued at approximately $280,671,000. Coca Cola Femsa accounts for about 0.6% of Danske Bank A S’s portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paladin Partners LLC acquired a new position in Coca Cola Femsa during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its position 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 purchasing an additional 275 shares during the period. Smartleaf Asset Management LLC grew its position in 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 purchasing an additional 153 shares during the period. Whipplewood Advisors LLC raised its stake 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 valued at $42,000 after buying an additional 388 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Coca Cola Femsa during the 2nd quarter valued at about $46,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KOF. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Barclays boosted their price target 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. UBS Group upped their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, HSBC reaffirmed a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Trading Up 0.8%

Shares of Coca Cola Femsa stock opened at $109.54 on Wednesday. The firm has a 50-day simple moving average of $106.68 and a two-hundred day simple moving average of $105.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. 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 $116.36. The company has a market cap of $184.10 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results 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 firm had revenue of $4.36 billion for the quarter. As a group, equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.99%.

About Coca Cola Femsa

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.