Causeway Capital Management LLC Invests $417,000 in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Causeway Capital Management LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,350 shares of the company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC raised 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 acquiring an additional 375 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola FEMSA in the third quarter valued at approximately $71,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola FEMSA in the fourth quarter valued at approximately $70,000. Finally, Jones Financial Companies Lllp boosted its position in Coca-Cola FEMSA by 111.3% in 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.

Analysts Set New Price Targets

Several research firms recently issued reports on KOF. StockNews.com cut shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective 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. Finally, 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 report on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola FEMSA has a consensus rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

Shares of KOF traded up $1.66 during mid-day trading on Friday, hitting $96.42. 133,698 shares of the company were exchanged, compared to its average volume of 176,287. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The company has a 50 day moving average of $89.66 and a 200-day moving average of $83.70. The stock has a market cap of $162.05 billion, a price-to-earnings ratio of 16.37, 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 1-year low of $72.68 and a 1-year high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share 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 company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. 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 declared a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be paid a $0.8839 dividend. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is 12.66%.

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.