Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,311 shares of the company's stock after acquiring an additional 4,035 shares during the quarter. National Bank of Canada FI's holdings in Coca-Cola FEMSA were worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOF. HighTower Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company's stock valued at $428,000 after buying an additional 1,464 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Coca-Cola FEMSA by 44.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,311 shares of the company's stock valued at $825,000 after acquiring an additional 2,865 shares during the period. XTX Topco Ltd purchased a new position in shares of Coca-Cola FEMSA during the third quarter worth approximately $361,000. Public Employees Retirement System of Ohio acquired a new position in shares of Coca-Cola FEMSA in the 3rd quarter valued at $2,096,000. Finally, M&T Bank Corp raised its position in Coca-Cola FEMSA by 18.3% in the 3rd quarter. M&T Bank Corp now owns 5,055 shares of the company's stock valued at $448,000 after purchasing an additional 783 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

NYSE KOF traded down $0.65 on Friday, hitting $93.48. 205,634 shares of the company's stock were exchanged, compared to its average volume of 176,907. The firm has a market cap of $157.12 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.62 and a beta of 0.58. The firm's 50-day moving average price is $87.97 and its two-hundred day moving average price is $83.47. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

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Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, 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 business also recently disclosed 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. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 3.1%. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is currently 12.66%.

Analyst Upgrades and Downgrades

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

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.