Renaissance Group LLC boosted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,146 shares of the company's stock after buying an additional 3,236 shares during the period. Renaissance Group LLC's holdings in Coca-Cola FEMSA were worth $2,348,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of KOF. JPMorgan Chase & Co. raised its holdings in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Sanctuary Advisors LLC increased its position in Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after purchasing an additional 2,902 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after buying an additional 4,214 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after buying an additional 157,530 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Coca-Cola FEMSA by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after buying an additional 32,674 shares in the last quarter.
Wall Street Analysts Forecast Growth
KOF has been the topic of several research analyst reports. StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Friday. Barclays upped 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, JPMorgan Chase & Co. boosted their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $104.75.
Read Our Latest Report on KOF
Coca-Cola FEMSA Price Performance
Shares of NYSE KOF traded up $0.86 on Monday, hitting $94.35. The company's stock had a trading volume of 52,063 shares, compared to its average volume of 196,982. The stock has a 50 day moving average of $87.97 and a 200-day moving average of $83.42. The company has a market capitalization of $158.57 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month 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.
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 analysts' consensus estimates 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 firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.49 billion. As a group, research analysts predict 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 announced 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. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 3.1%. Coca-Cola FEMSA's payout ratio is presently 12.66%.
About Coca-Cola FEMSA
(
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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