BLI Banque de Luxembourg Investments Invests $6.53 Million in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

BLI Banque de Luxembourg Investments bought a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 84,000 shares of the company's stock, valued at approximately $6,533,000.

A number of other large investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA during the 3rd quarter valued at $71,000. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 378,325 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock worth $545,000 after buying an additional 206 shares during the period. Park Avenue Securities LLC grew its position in shares of 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 buying an additional 233 shares during the last quarter. Finally, Gradient Investments LLC purchased a new stake in Coca-Cola FEMSA in the fourth quarter worth $494,000.

Coca-Cola FEMSA Stock Up 0.5 %

Shares of NYSE KOF traded up $0.45 during trading on Friday, reaching $93.32. The company had a trading volume of 129,590 shares, compared to its average volume of 181,291. 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 quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The business's 50-day moving average is $92.19 and its 200 day moving average is $84.46. The stock has a market cap of $156.84 billion, a PE ratio of 15.84, a P/E/G ratio of 0.62 and a beta of 0.63.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, equities analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. This represents a yield of 3.1%. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio (DPR) is currently 13.76%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group boosted their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday. Barclays raised their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. upped 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, April 11th. Finally, StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of "Buy" and a consensus price target of $106.50.

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.