Mirae Asset Global Investments Co. Ltd. boosted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 570.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,953 shares of the company's stock after purchasing an additional 4,214 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Coca-Cola FEMSA were worth $386,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its holdings in Coca-Cola FEMSA by 14.7% in 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 purchasing an additional 157,530 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company's stock valued at $68,297,000 after purchasing an additional 304,197 shares during the period. JPMorgan Chase & Co. grew its holdings in Coca-Cola FEMSA by 90.5% in the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company's stock worth $23,160,000 after buying an additional 110,926 shares during the period. Finally, Natixis Advisors LLC grew its stake in Coca-Cola FEMSA by 4.4% during the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company's stock worth $21,040,000 after buying an additional 9,911 shares during the period.
Analysts Set New Price Targets
Several research firms have issued reports on KOF. Barclays decreased their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. 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 research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $104.75.
Get Our Latest Report on KOF
Coca-Cola FEMSA Stock Down 0.2 %
Shares of KOF stock traded down $0.20 on Friday, hitting $84.20. The stock had a trading volume of 185,324 shares, compared to its average volume of 182,687. The firm has a market capitalization of $141.50 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.57 and a beta of 0.83. The stock's 50 day moving average is $78.39 and its 200-day moving average is $82.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. 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.
Coca-Cola FEMSA Cuts Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a $0.7433 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 11.71%.
Coca-Cola FEMSA Company Profile
(
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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