Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by Corvex Management LP

Corvex Management LP boosted its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 138.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,066,108 shares of the company's stock after buying an additional 619,931 shares during the quarter. Coca-Cola FEMSA makes up about 2.3% of Corvex Management LP's holdings, making the stock its 13th biggest holding. Corvex Management LP owned about 0.06% of Coca-Cola FEMSA worth $83,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOF. Robeco Institutional Asset Management B.V. grew its stake in shares of Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after purchasing an additional 157,530 shares during the period. Northern Trust Corp boosted its position in shares of Coca-Cola FEMSA by 113.8% during the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company's stock valued at $13,007,000 after acquiring an additional 88,873 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $6,533,000. Capital World Investors bought a new position in Coca-Cola FEMSA during the 4th quarter valued at about $4,702,000. Finally, Broyhill Asset Management purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at $3,383,000.

Coca-Cola FEMSA Stock Performance

KOF traded up $0.09 during trading on Friday, hitting $92.96. The stock had a trading volume of 215,275 shares, compared to its average volume of 182,336. The firm has a market capitalization of $156.23 billion, a P/E ratio of 15.78, a PEG ratio of 0.62 and a beta of 0.63. The company's 50-day moving average price is $92.29 and its 200 day moving average price is $84.51. 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. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio is 13.76%.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of research analyst reports. Barclays boosted their price target 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. UBS Group increased their target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, StockNews.com cut 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, the company has an average rating of "Buy" and an average target price of $106.50.

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.