Caprock Group LLC Invests $975,000 in Coca Cola Femsa S.A.B. de C.V. $KOF

Caprock Group LLC purchased a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,469 shares of the company’s stock, valued at approximately $975,000.

Several other institutional investors and hedge funds have also bought and sold shares of KOF. NewEdge Advisors LLC increased its holdings in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after buying an additional 2,307 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after acquiring an additional 3,351 shares in the last quarter. CWM LLC increased its stake in Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Coca Cola Femsa during the second quarter valued at approximately $417,000. Finally, William Blair Investment Management LLC acquired a new position in Coca Cola Femsa during the second quarter valued at approximately $5,539,000.

Coca Cola Femsa Trading Down 1.2%

KOF opened at $112.84 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. 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’s 50-day moving average is $100.00 and its 200 day moving average is $90.56.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a dividend of $0.9979 per share. The ex-dividend date was Monday, December 8th. This represents a $3.99 annualized dividend and a yield of 3.5%. Coca Cola Femsa’s dividend payout ratio is 64.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KOF shares. UBS Group lifted their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group upped their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $111.20.

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.