89,797 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 89,797 shares of the company’s stock, valued at approximately $7,708,000.

Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings 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 valued at $125,686,000 after purchasing an additional 97,238 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Coca-Cola FEMSA by 13.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after acquiring an additional 62,282 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Coca-Cola FEMSA in the 1st quarter worth $4,217,000. Wellington Management Group LLP purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at about $3,740,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Coca-Cola FEMSA during the first quarter valued at about $3,346,000.

Coca-Cola FEMSA Trading Down 1.7 %

NYSE:KOF opened at $90.40 on Monday. 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 current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $87.91 and its 200 day moving average is $90.99. The stock has a market capitalization of $151.93 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.85.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same quarter in the prior year, the firm earned $1.32 EPS. Sell-side 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 firm also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were given a dividend of $0.8325 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.20%.

Analysts Set New Price Targets

KOF has been the subject of a number of recent analyst reports. UBS Group reduced their price objective 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. Barclays increased their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.