6,650 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Bank of Montreal Can

Bank of Montreal Can purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,650 shares of the company’s stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Investments Inc raised its holdings in shares of Coca Cola Femsa by 13.2% in the 2nd quarter. Atria Investments Inc now owns 5,285 shares of the company’s stock valued at $511,000 after purchasing an additional 615 shares during the period. Auto Owners Insurance Co increased its position in Coca Cola Femsa by 5,257.1% during the second quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock worth $29,019,000 after buying an additional 294,400 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Coca Cola Femsa during the second quarter worth approximately $2,104,000. Envestnet Asset Management Inc. raised its stake in Coca Cola Femsa by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 235,105 shares of the company’s stock valued at $22,742,000 after buying an additional 16,889 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Coca Cola Femsa by 13.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 71,132 shares of the company’s stock valued at $6,881,000 after buying an additional 8,508 shares during the last quarter.

Wall Street Analysts Forecast Growth

KOF has been the subject of several research analyst reports. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings cut shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, UBS Group reduced their target price on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Coca Cola Femsa currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Coca Cola Femsa Trading Down 0.6%

Shares of Coca Cola Femsa stock opened at $87.87 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The firm has a 50-day moving average of $85.14 and a 200-day moving average of $88.72. 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 $147.68 billion, a PE ratio of 15.31, a PEG ratio of 1.08 and a beta of 0.61.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Tuesday, October 14th were given a dividend of $1.0006 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. This represents a $4.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, October 14th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.54%.

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.