Robeco Institutional Asset Management B.V. Has $94.80 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,068,502 shares of the company's stock after acquiring an additional 17,208 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Coca-Cola FEMSA worth $94,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of Coca-Cola FEMSA by 10.4% in the third quarter. Janney Montgomery Scott LLC now owns 11,227 shares of the company's stock valued at $996,000 after buying an additional 1,058 shares in the last quarter. Americana Partners LLC raised its position in shares of Coca-Cola FEMSA by 5.4% during the third quarter. Americana Partners LLC now owns 4,150 shares of the company's stock worth $368,000 after purchasing an additional 213 shares during the period. Hartford Financial Management Inc. raised its position in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock worth $42,000 after purchasing an additional 140 shares during the period. Legacy Capital Group California Inc. acquired a new position in shares of Coca-Cola FEMSA in the 3rd quarter valued at $289,000. Finally, Leo Wealth LLC increased its stake in Coca-Cola FEMSA by 17.5% in the 3rd quarter. Leo Wealth LLC now owns 13,236 shares of the company's stock worth $1,174,000 after purchasing an additional 1,976 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KOF shares. Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a report on Tuesday, September 3rd. UBS Group lowered their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Barclays decreased their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of "Buy" and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Up 1.3 %

NYSE:KOF traded up $1.04 during mid-day trading on Tuesday, hitting $81.61. The company's stock had a trading volume of 195,567 shares, compared to its average volume of 168,333. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $79.32 and a fifty-two week high of $104.38. The stock has a fifty day moving average of $86.93 and a 200-day moving average of $89.21.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were given a dividend of $0.7811 per share. The ex-dividend date of this dividend was Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 11.55%.

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.