Capital World Investors Makes New Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital World Investors purchased a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 60,363 shares of the company's stock, valued at approximately $4,702,000.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after acquiring an additional 2,902 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after acquiring an additional 4,214 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Coca-Cola FEMSA by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after acquiring an additional 32,674 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Coca-Cola FEMSA by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock valued at $17,515,000 after purchasing an additional 3,120 shares during the period.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of analyst reports. Barclays upped their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. StockNews.com cut shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Up 0.4 %

Shares of NYSE KOF opened at $96.75 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market cap of $162.61 billion, a PE ratio of 16.43, a P/E/G ratio of 0.62 and a beta of 0.58. The company's fifty day simple moving average is $90.18 and its 200 day simple moving average is $83.78.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. As a group, sell-side 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 company also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio is presently 12.66%.

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.

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