The Manufacturers Life Insurance Company Acquires New Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

The Manufacturers Life Insurance Company bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,847 shares of the company’s stock, valued at approximately $7,799,000.

A number of other institutional investors have also recently modified their holdings of the stock. Manning & Napier Advisors LLC purchased a new stake in shares of Coca Cola Femsa in the second quarter worth $184,000. L2 Asset Management LLC bought a new position in Coca Cola Femsa in the 2nd quarter worth about $3,154,000. Algert Global LLC boosted its stake in Coca Cola Femsa by 3.4% in the 2nd quarter. Algert Global LLC now owns 118,346 shares of the company’s stock worth $22,595,000 after purchasing an additional 3,923 shares in the last quarter. Cibc World Market Inc. purchased a new stake in Coca Cola Femsa during the 2nd quarter valued at about $229,000. Finally, Sanctuary Advisors LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter valued at about $1,527,000.

Analysts Set New Price Targets

Several research analysts have issued reports on KOF shares. HSBC reaffirmed a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday. Finally, UBS Group increased their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $118.83.

Coca Cola Femsa Trading Up 0.1%

Shares of NYSE:KOF opened at $112.66 on Monday. The stock has a market capitalization of $189.34 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.52 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock’s 50-day simple moving average is $107.68 and its two-hundred day simple moving average is $105.68. 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.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Analysts expect 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 business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.99%.

Coca Cola Femsa Company Profile

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.