Dimensional Fund Advisors LP Has $11.11 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Dimensional Fund Advisors LP lowered its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 142,597 shares of the company's stock after selling 6,765 shares during the period. Dimensional Fund Advisors LP's holdings in Coca-Cola FEMSA were worth $11,106,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. TD Private Client Wealth LLC boosted its stake in Coca-Cola FEMSA by 5.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after buying an additional 155 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock worth $933,000 after purchasing an additional 212 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Coca-Cola FEMSA by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after acquiring an additional 233 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA during the 4th quarter worth approximately $29,000.

Coca-Cola FEMSA Stock Performance

KOF opened at $92.96 on Friday. 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 has a 50 day moving average of $92.29 and a 200-day moving average of $84.51. 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 stock has a market cap of $156.23 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.62 and a beta of 0.63.

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 for the quarter, topping 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 company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's payout ratio is 13.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Barclays increased their price objective 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. UBS Group boosted their target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $106.50.

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.

Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.