Ballentine Partners LLC Has $233,000 Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Ballentine Partners LLC increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,413 shares of the company’s stock after purchasing an additional 173 shares during the quarter. Ballentine Partners LLC’s holdings in Coca Cola Femsa were worth $233,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in Coca Cola Femsa during the first quarter worth $8,782,000. GAMMA Investing LLC lifted its stake in Coca Cola Femsa by 936.0% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock valued at $533,000 after acquiring an additional 5,279 shares during the last quarter. HighTower Advisors LLC lifted its stake in Coca Cola Femsa by 90.1% in the first quarter. HighTower Advisors LLC now owns 8,229 shares of the company’s stock valued at $751,000 after acquiring an additional 3,900 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Coca Cola Femsa in the first quarter valued at $3,979,000. Finally, Leo Wealth LLC lifted its stake in Coca Cola Femsa by 26.3% in the first quarter. Leo Wealth LLC now owns 17,220 shares of the company’s stock valued at $1,572,000 after acquiring an additional 3,590 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. UBS Group increased their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. Zacks Research cut shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Finally, Morgan Stanley upgraded shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $83.47 on Tuesday. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The stock has a market cap of $140.28 billion, a PE ratio of 14.62, a P/E/G ratio of 1.07 and a beta of 0.64. The firm has a 50-day moving average of $84.68 and a 200-day moving average of $90.65. 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 (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. On average, sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were given a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 60.42%.

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.