Jefferies Financial Group Inc. Makes New $3.46 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Jefferies Financial Group Inc. purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, HoldingsChannel reports. The fund purchased 18,111 shares of the company’s stock, valued at approximately $3,458,000.

A number of other institutional investors have also modified their holdings of KOF. Public Employees Retirement System of Ohio bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth approximately $2,319,000. Proficio Capital Partners LLC acquired a new stake in shares of Coca Cola Femsa in the 2nd quarter worth $747,000. Corient Private Wealth LP purchased a new stake in Coca Cola Femsa in the second quarter valued at about $1,896,000. Bank of America Corp DE acquired a new stake in Coca Cola Femsa in the second quarter worth about $43,197,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Coca Cola Femsa during the second quarter worth about $902,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on KOF. Barclays upped their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. UBS Group boosted their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. HSBC reaffirmed a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca Cola Femsa in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Trading Down 0.3%

Coca Cola Femsa stock opened at $112.66 on Friday. The stock has a 50-day moving average price of $107.68 and a 200 day moving average price of $105.72. The company has a market capitalization of $189.34 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $117.09. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion for the quarter. Sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

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.