Arrowstreet Capital Limited Partnership Grows Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Arrowstreet Capital Limited Partnership raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,856 shares of the company's stock after purchasing an additional 32,674 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Coca-Cola FEMSA were worth $8,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA during the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC lifted its holdings in Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after buying an additional 375 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter worth about $70,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola FEMSA in the 3rd quarter valued at about $71,000. Finally, Jones Financial Companies Lllp raised its position in shares of Coca-Cola FEMSA by 111.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after acquiring an additional 835 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KOF shares. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday. Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Friday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of "Buy" and a consensus price target of $104.75.

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Coca-Cola FEMSA Stock Performance

Shares of KOF stock traded down $0.65 during trading hours on Friday, hitting $93.48. The stock had a trading volume of 205,634 shares, compared to its average volume of 176,907. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $157.12 billion, a PE ratio of 15.87, a PEG ratio of 0.62 and a beta of 0.58. The stock's 50 day moving average is $87.97 and its 200 day moving average is $83.47. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.49 billion. As a group, research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is 12.66%.

Coca-Cola FEMSA Company 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.