Hsbc Holdings PLC Invests $21.61 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Hsbc Holdings PLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 112,311 shares of the company’s stock, valued at approximately $21,605,000.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after acquiring an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. CW Advisors LLC acquired a new position in shares of Coca Cola Femsa during the second quarter valued at about $260,000. EverSource Wealth Advisors LLC raised its position in shares of Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after purchasing an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Coca Cola Femsa by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after purchasing an additional 12,979 shares during the last quarter.

Coca Cola Femsa Trading Down 1.5%

Coca Cola Femsa stock opened at $113.08 on Friday. The stock has a 50-day moving average price of $107.61 and a 200 day moving average price of $105.67. The company has a market capitalization of $190.05 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.36 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 6.93 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 61.99%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KOF shares. JPMorgan Chase & Co. lifted their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. 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. 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. UBS Group boosted their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Barclays boosted 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.83.

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.