Robeco Institutional Asset Management B.V. Buys 157,530 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. lifted its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,226,032 shares of the company's stock after acquiring an additional 157,530 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Coca-Cola FEMSA worth $95,496,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA during the 3rd quarter worth about $31,000. Hartford Financial Management Inc. grew its position in shares of Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock worth $42,000 after buying an additional 140 shares during the period. GAMMA Investing LLC raised its stake in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company's stock worth $48,000 after buying an additional 196 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA in the third quarter valued at approximately $71,000. Finally, ORG Wealth Partners LLC acquired a new stake in Coca-Cola FEMSA during the 3rd quarter worth $85,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KOF. Barclays cut their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price target for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Stock Up 2.1 %

NYSE KOF traded up $1.65 during trading hours on Wednesday, reaching $79.27. 257,135 shares of the company's stock were exchanged, compared to its average volume of 191,724. The company's 50-day moving average is $78.51 and its two-hundred day moving average is $83.65. 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 one year low of $72.68 and a one year high of $104.38. The company has a market capitalization of $133.22 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a $0.7433 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA's dividend payout ratio (DPR) is 11.71%.

Coca-Cola FEMSA Company 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.