Archford Capital Strategies LLC Makes New $3.83 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Archford Capital Strategies LLC acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,553 shares of the company’s stock, valued at approximately $3,826,000.

Several other hedge funds have also recently bought and sold shares of KOF. Wayfinding Financial LLC acquired a new position in Coca Cola Femsa during the first quarter worth $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Coca Cola Femsa during the fourth quarter worth $43,000. Bruce G. Allen Investments LLC acquired a new position in Coca Cola Femsa during the second quarter worth $44,000. NBC Securities Inc. acquired a new position in Coca Cola Femsa during the first quarter worth $76,000. Finally, GHP Investment Advisors Inc. acquired a new position in Coca Cola Femsa during the first quarter worth $83,000.

Coca Cola Femsa Price Performance

Shares of KOF opened at $84.34 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The stock has a market cap of $141.75 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The stock’s 50-day moving average price is $84.81 and its two-hundred day moving average price is $90.68.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. On average, equities 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is 60.42%.

Analysts Set New Price Targets

KOF has been the subject of a number of research reports. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. UBS Group raised their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Zacks Research lowered Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.00.

About Coca Cola Femsa

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.