Raymond James Financial Inc. Invests $2.57 Million in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James Financial Inc. purchased a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,990 shares of the company's stock, valued at approximately $2,570,000.

Several other hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA during the third quarter valued at $71,000. JPMorgan Chase & Co. grew its position in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after acquiring an additional 378,325 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after purchasing an additional 233 shares during the period. Finally, Gradient Investments LLC purchased a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $494,000.

Coca-Cola FEMSA Trading Down 0.7 %

NYSE:KOF traded down $0.64 during trading hours on Monday, reaching $92.96. 8,426 shares of the stock were exchanged, compared to its average volume of 200,488. The company has a market capitalization of $156.23 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.62 and a beta of 0.58. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $91.73 and a two-hundred day moving average of $84.23. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities 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 business also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.8839 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's payout ratio is currently 13.76%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KOF shares. Barclays upped their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. StockNews.com downgraded shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of "Buy" and a consensus target price of $104.75.

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.