Caprock Group LLC Makes New Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Caprock Group LLC acquired a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,973 shares of the company's stock, valued at approximately $855,000.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Coca-Cola FEMSA by 14.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after acquiring an additional 157,530 shares in the last quarter. R Squared Ltd bought a new stake in Coca-Cola FEMSA during the 4th quarter valued at about $216,000. Blue Trust Inc. raised its holdings in Coca-Cola FEMSA by 27.0% in the fourth quarter. Blue Trust Inc. now owns 4,516 shares of the company's stock worth $352,000 after buying an additional 961 shares during the last quarter. Gradient Investments LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter worth approximately $494,000. Finally, Park Avenue Securities LLC lifted its stake in shares of Coca-Cola FEMSA by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after buying an additional 233 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KOF shares. Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com upgraded Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Barclays dropped their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola FEMSA has an average rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Stock Performance

KOF traded down $0.07 during mid-day trading on Wednesday, reaching $77.59. 56,986 shares of the company traded hands, compared to its average volume of 183,524. The stock has a market capitalization of $130.39 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $104.38. 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 company's fifty day moving average price is $78.48 and its 200-day moving average price is $83.35.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA's dividend payout ratio is 11.71%.

About Coca-Cola FEMSA

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.