Ethic Inc. Decreases Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Ethic Inc. decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 36.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,071 shares of the company's stock after selling 4,120 shares during the quarter. Ethic Inc.'s holdings in Coca-Cola FEMSA were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KOF. Corvex Management LP lifted its stake in Coca-Cola FEMSA by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares in the last quarter. Banque de Luxembourg S.A. bought a new position in shares of Coca-Cola FEMSA in the fourth quarter worth $43,000. BLI Banque de Luxembourg Investments purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $6,533,000. BNP Paribas Financial Markets boosted its stake in Coca-Cola FEMSA by 32.1% during the fourth quarter. BNP Paribas Financial Markets now owns 54,744 shares of the company's stock valued at $4,264,000 after buying an additional 13,316 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in Coca-Cola FEMSA during the fourth quarter valued at $56,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on KOF shares. Barclays raised their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. UBS Group boosted their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, StockNews.com lowered shares of 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 MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $106.50.

Coca-Cola FEMSA Stock Up 1.9%

Coca-Cola FEMSA stock traded up $1.80 during trading hours on Wednesday, hitting $94.80. The stock had a trading volume of 153,418 shares, compared to its average volume of 186,351. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $101.74. The stock's 50-day moving average price is $93.03 and its 200-day moving average price is $84.89. 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 stock has a market capitalization of $159.33 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced 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 business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities research analysts anticipate 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 business also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were issued a $0.8839 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is 13.76%.

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.