Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,870 shares of the company's stock after purchasing an additional 3,120 shares during the period. Envestnet Asset Management Inc.'s holdings in Coca-Cola FEMSA were worth $17,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 375 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at approximately $71,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at $70,000. Finally, Jones Financial Companies Lllp lifted 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 purchasing an additional 835 shares during the last quarter.

Coca-Cola FEMSA Trading Up 1.8 %

NYSE KOF traded up $1.66 during mid-day trading on Friday, hitting $96.42. The company's stock had a trading volume of 133,698 shares, compared to its average volume of 176,287. The firm has a market capitalization of $162.05 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28. The stock's fifty day simple moving average is $89.66 and its two-hundred day simple moving average is $83.70.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. 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 declared a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.8839 per share. This represents a 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 is Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 12.66%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KOF shares. JPMorgan Chase & Co. increased their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. 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, StockNews.com downgraded shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of "Buy" and a consensus target price of $104.75.

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.