NBC Securities Inc. Buys New Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

NBC Securities Inc. bought a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 841 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its holdings in Coca-Cola FEMSA by 17.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock valued at $1,562,000 after acquiring an additional 2,902 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Coca-Cola FEMSA by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock valued at $17,515,000 after acquiring an additional 3,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coca-Cola FEMSA by 570.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after buying an additional 4,214 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Coca-Cola FEMSA by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock worth $8,011,000 after buying an additional 32,674 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Coca-Cola FEMSA by 106.1% in the 4th quarter. Corient Private Wealth LLC now owns 16,868 shares of the company’s stock worth $1,314,000 after buying an additional 8,685 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KOF. JPMorgan Chase & Co. increased their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Wall Street Zen cut Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. UBS Group increased their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, Morgan Stanley upgraded Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola FEMSA Stock Down 1.1%

Shares of KOF opened at $96.68 on Wednesday. The firm has a market capitalization of $162.48 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The business’s fifty day moving average price is $94.57 and its two-hundred day moving average price is $86.60. 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.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 13.76%.

Coca-Cola FEMSA Company 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.