Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 936.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,843 shares of the company’s stock after purchasing an additional 5,279 shares during the quarter. GAMMA Investing LLC’s holdings in Coca Cola Femsa were worth $533,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KOF. Americana Partners LLC boosted its holdings in shares of Coca Cola Femsa by 23.6% during the fourth quarter. Americana Partners LLC now owns 5,131 shares of the company’s stock valued at $400,000 after acquiring an additional 981 shares during the period. Sanctuary Advisors LLC raised its position in Coca Cola Femsa by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,902 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in Coca Cola Femsa by 5.7% during the 4th quarter. VisionPoint Advisory Group LLC now owns 28,718 shares of the company’s stock worth $2,233,000 after buying an additional 1,556 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Coca Cola Femsa during the 4th quarter worth about $213,000. Finally, Whipplewood Advisors LLC acquired a new stake in Coca Cola Femsa during the 4th quarter worth about $70,000.

Wall Street Analyst Weigh In

KOF has been the topic of several recent analyst reports. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Barclays lifted their target price on Coca Cola Femsa from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. UBS Group lifted their target price on Coca Cola Femsa from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on Coca Cola Femsa from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Coca Cola Femsa Trading Down 0.9%

NYSE:KOF opened at $94.23 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The stock’s 50-day moving average is $95.13 and its two-hundred day moving average is $87.26. The stock has a market cap of $158.37 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a $0.8839 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a yield of 3.1%. This is an increase from Coca Cola Femsa’s previous semi-annual dividend of $0.74. Coca Cola Femsa’s dividend payout ratio is currently 13.93%.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.