Itau Unibanco Holding S.A. Acquires New Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Itau Unibanco Holding S.A. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,004,136 shares of the company’s stock, valued at approximately $88,634,000. Coca Cola Femsa makes up approximately 3.3% of Itau Unibanco Holding S.A.’s investment portfolio, making the stock its 9th biggest holding. Itau Unibanco Holding S.A. owned about 0.06% of Coca Cola Femsa as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Coca Cola Femsa during the first quarter valued at about $41,000. Banque de Luxembourg S.A. bought a new stake in Coca Cola Femsa during the fourth quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Coca Cola Femsa in the fourth quarter valued at about $43,000. Parvin Asset Management LLC purchased a new stake in Coca Cola Femsa in the fourth quarter valued at about $56,000. Finally, NBC Securities Inc. purchased a new stake in Coca Cola Femsa in the first quarter valued at about $76,000.

Coca Cola Femsa Trading Up 0.8%

Shares of NYSE:KOF opened at $86.75 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 has a market cap of $145.80 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.05 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $88.64 and a 200-day moving average price of $90.80.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were paid a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 60.42%.

Analyst Ratings Changes

A number of research firms have commented on KOF. Wall Street Zen cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Barclays set a $100.00 price target on Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. Finally, Zacks Research cut Coca Cola Femsa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.50.

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.