Capital World Investors Makes New Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital World Investors bought a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 60,363 shares of the company's stock, valued at approximately $4,702,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted its position in Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after purchasing an additional 375 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. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Coca-Cola FEMSA by 111.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after purchasing an additional 835 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KOF. StockNews.com raised shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock traded down $1.32 during mid-day trading on Monday, hitting $96.37. 20,977 shares of the company's stock traded hands, compared to its average volume of 176,109. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $90.99 and a two-hundred day simple moving average of $83.98. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The stock has a market cap of $161.96 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. On average, research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is currently 13.76%.

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.