United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Raises Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

by · The Cerbat Gem

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,743 shares of the company’s stock after buying an additional 4,730 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Coca Cola Femsa were worth $2,587,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KOF. Bank of New York Mellon Corp boosted its stake in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock valued at $1,537,000 after acquiring an additional 149 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Coca Cola Femsa by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 12,755 shares of the company’s stock worth $1,164,000 after purchasing an additional 779 shares during the period. 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 purchasing an additional 26,634 shares during the last quarter. R Squared Ltd grew its holdings in Coca Cola Femsa by 78.3% during the first quarter. R Squared Ltd now owns 4,940 shares of the company’s stock valued at $451,000 after purchasing an additional 2,170 shares during the period. Finally, ABC Arbitrage SA bought a new position in Coca Cola Femsa during the first quarter valued at $568,000.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $87.76 on Thursday. 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’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $88.42. 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 stock has a market capitalization of $147.49 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61.

Coca Cola Femsa (NYSE:KOF – Get Free Report) last posted its earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.96 billion. Research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, December 8th will be issued a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, December 8th. Coca Cola Femsa’s dividend payout ratio is 62.54%.

Analysts Set New Price Targets

KOF has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Weiss Ratings cut Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, UBS Group lowered their price target on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Coca Cola Femsa presently has an average rating of “Moderate Buy” and an average target price of $104.00.

Read Our Latest Stock Report on Coca Cola Femsa

Coca Cola Femsa Company Profile

(Free Report)

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.

See Also

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