Envestnet Asset Management Inc. Boosts Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Envestnet Asset Management Inc. lifted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,870 shares of the company's stock after purchasing an additional 3,120 shares during the period. Envestnet Asset Management Inc.'s holdings in Coca-Cola FEMSA were worth $17,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA in the fourth quarter valued at $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Coca-Cola FEMSA by 1,388.9% in the 4th 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 in the last quarter. Whipplewood Advisors LLC acquired a new position in Coca-Cola FEMSA in the 4th quarter worth about $70,000. Wilmington Savings Fund Society FSB purchased a new position in Coca-Cola FEMSA during the third quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp grew its holdings in Coca-Cola FEMSA by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock valued at $123,000 after purchasing an additional 835 shares during the period.

Coca-Cola FEMSA Trading Up 1.8 %

NYSE:KOF traded up $1.66 on Friday, hitting $96.42. The stock had a trading volume of 133,698 shares, compared to its average volume of 176,652. The company has a fifty day moving average price of $89.66 and a two-hundred day moving average price of $83.63. The stock has a market cap of $162.05 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.62 and a beta of 0.58. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. 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 issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.49 billion. Equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio (DPR) is 12.66%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KOF shares. 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. Barclays raised their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $104.75.

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.