Acadian Asset Management LLC Makes New $327,000 Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Acadian Asset Management LLC purchased a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,811 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after buying an additional 97,238 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Coca-Cola FEMSA in the 1st quarter worth approximately $3,346,000. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola FEMSA during the first quarter worth $4,217,000. Corient Private Wealth LLC grew its stake in Coca-Cola FEMSA by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock valued at $1,467,000 after purchasing an additional 187 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Coca-Cola FEMSA by 20.5% during the 1st quarter. Ballentine Partners LLC now owns 2,664 shares of the company’s stock worth $259,000 after purchasing an additional 453 shares in the last quarter.

Coca-Cola FEMSA Stock Up 1.1 %

Shares of Coca-Cola FEMSA stock opened at $91.78 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $69.33 and a 12-month high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $87.42 and a two-hundred day moving average price of $91.33. The stock has a market capitalization of $154.25 billion, a P/E ratio of 16.16, a PEG ratio of 0.70 and a beta of 0.85.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $1.32 earnings per share. Equities analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were issued a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 13.20%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays boosted their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. UBS Group decreased their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $101.91.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.