Federated Hermes Inc. lessened its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,397 shares of the company's stock after selling 3,392 shares during the quarter. Federated Hermes Inc.'s holdings in Coca-Cola FEMSA were worth $13,272,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of KOF. JPMorgan Chase & Co. grew its holdings in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position 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 worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter worth about $2,570,000. Arrowstreet Capital Limited Partnership grew its stake in Coca-Cola FEMSA by 46.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after purchasing an additional 32,674 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Coca-Cola FEMSA by 54,847.8% during the 3rd quarter. National Bank of Canada FI now owns 25,276 shares of the company's stock valued at $2,242,000 after purchasing an additional 25,230 shares in the last quarter.
Coca-Cola FEMSA Price Performance
Shares of NYSE KOF traded up $1.02 during midday trading on Tuesday, reaching $95.44. The company's stock had a trading volume of 28,523 shares, compared to its average volume of 176,072. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $102.28. The company has a market cap of $160.41 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a 50 day moving average price of $88.30 and a 200 day moving average price of $83.44. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.22. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current 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 $0.8839 dividend. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio (DPR) is 12.66%.
Analyst Ratings Changes
Several equities analysts have recently commented on KOF shares. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Friday. Barclays boosted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $104.75.
Read Our Latest Research Report on KOF
About Coca-Cola FEMSA
(
Free Report)
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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