Cresset Asset Management LLC Invests $264,000 in Coca Cola Femsa S.A.B. de C.V. $KOF

Cresset Asset Management LLC bought a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,888 shares of the company’s stock, valued at approximately $264,000.

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position in shares of Coca Cola Femsa by 1.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company’s stock worth $113,690,000 after acquiring an additional 19,338 shares in the last quarter. Corvex Management LP increased its holdings in Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after purchasing an additional 619,931 shares in the last quarter. Natixis Advisors LLC lifted its stake in Coca Cola Femsa by 11.0% in the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company’s stock valued at $24,509,000 after buying an additional 26,634 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Coca Cola Femsa by 24.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company’s stock worth $22,776,000 after buying an additional 48,924 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Coca Cola Femsa by 113.8% during the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock worth $13,007,000 after buying an additional 88,873 shares during the period.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $86.23 on Wednesday. The stock has a market cap of $144.92 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. 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 firm’s 50-day simple moving average is $88.79 and its 200 day simple moving average is $90.82.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, research analysts anticipate 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were given a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa’s dividend payout ratio is presently 60.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of 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 research note on Sunday, July 13th. JPMorgan Chase & Co. decreased their target price on Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Finally, UBS Group increased their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.50.

Coca Cola Femsa Profile

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.