Legal & General Group Plc Buys New Shares in Coca Cola Femsa S.A.B. de C.V. $KOF

Legal & General Group Plc bought 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 Form 13F filing with the SEC. The fund bought 74,092 shares of the company’s stock, valued at approximately $14,146,000.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Coca Cola Femsa during the second quarter worth approximately $2,769,992,000. BlackRock Inc. purchased a new position in Coca Cola Femsa in the second quarter worth approximately $1,017,381,000. Danske Bank A S purchased a new position in Coca Cola Femsa in the second quarter worth approximately $280,671,000. Stack Financial Management Inc acquired a new position in Coca Cola Femsa during the 2nd quarter worth approximately $26,079,000. Finally, Bank of America Corp DE grew its holdings in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares in the last quarter.

Analysts Set New Price Targets

KOF has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective 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. Barclays increased their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. HSBC reaffirmed a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, UBS Group raised their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $112.66 on Monday. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $117.09. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The firm has a market cap of $189.34 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52. The company’s 50 day simple moving average is $107.68 and its 200-day simple moving average is $105.68.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, equities analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a $1.1248 dividend. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s payout ratio is 61.99%.

Coca Cola Femsa 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.