Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,593 shares of the company's stock after selling 8,100 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Coca-Cola FEMSA were worth $9,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola FEMSA in the fourth quarter valued at $29,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Coca-Cola FEMSA by 1,388.9% in the fourth 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. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA during the third quarter worth about $71,000. Whipplewood Advisors LLC purchased a new position in Coca-Cola FEMSA during the fourth quarter valued at approximately $70,000. Finally, Jones Financial Companies Lllp lifted its holdings in Coca-Cola FEMSA by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock valued at $123,000 after acquiring an additional 835 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KOF shares. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays upped their price objective 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 cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Friday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola FEMSA has a consensus rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

KOF traded down $0.65 during midday trading on Friday, hitting $93.48. 205,634 shares of the company traded hands, compared to its average volume of 176,907. The business has a 50 day simple moving average of $87.97 and a two-hundred day simple moving average of $83.47. 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 company has a market capitalization of $157.12 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.62 and a beta of 0.58. 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 released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.49 billion. On average, equities 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 disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a $0.8839 dividend. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio is currently 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.