GAMMA Investing LLC Has $48,000 Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

GAMMA Investing LLC raised its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 56.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 545 shares of the company’s stock after purchasing an additional 196 shares during the period. GAMMA Investing LLC’s holdings in Coca-Cola FEMSA were worth $48,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Coca-Cola FEMSA during the second quarter worth approximately $1,528,000. Sanctuary Advisors LLC acquired a new position in Coca-Cola FEMSA during the 2nd quarter worth approximately $1,317,000. Cetera Investment Advisers lifted its stake in shares of Coca-Cola FEMSA by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 11,599 shares of the company’s stock valued at $996,000 after acquiring an additional 629 shares during the last quarter. Chase Investment Counsel Corp raised its position in Coca-Cola FEMSA by 4.4% in the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $394,000 after purchasing an additional 192 shares during the last quarter. Finally, Creative Planning boosted its position in Coca-Cola FEMSA by 13.7% during the 2nd quarter. Creative Planning now owns 9,842 shares of the company’s stock worth $845,000 after buying an additional 1,184 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KOF. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. UBS Group dropped their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays boosted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $101.91.

Coca-Cola FEMSA Price Performance

Shares of NYSE:KOF opened at $86.84 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The company has a market capitalization of $145.95 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company’s 50-day moving average is $87.99 and its 200 day moving average is $90.15.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company earned $1.32 EPS. On average, equities research analysts forecast 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 will be paid on Friday, October 25th. Shareholders of record on Monday, October 14th will be issued a dividend of $0.7811 per share. The ex-dividend date of this dividend is Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s payout ratio is 12.32%.

Coca-Cola FEMSA 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.