Coca Cola Femsa S.A.B. de C.V. $KOF Stock: Robeco Institutional Asset Management B.V. Raises Holdings

Key Points

• Robeco Institutional Asset Management increased its Coca-Cola FEMSA position by 7.6% in the third quarter, adding 36,098 shares to hold 512,996 shares valued at approximately $55.4 million.
• Analysts maintain a generally cautious outlook: KOF has a consensus “Hold” rating and an average price target of $120.83, with four Buy ratings and five Hold ratings.
• Coca-Cola FEMSA reduced its quarterly dividend to $1.0838 from $1.1248, equating to an annualized dividend of $4.34 and a 3.7% yield.

Robeco Institutional Asset Management B.V. increased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 512,996 shares of the company's stock after purchasing an additional 36,098 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Coca Cola Femsa were worth $55,424,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH raised its stake in Coca Cola Femsa by 0.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company's stock valued at $48,465,000 after buying an additional 1,915 shares in the last quarter. Stack Financial Management Inc purchased a new stake in Coca Cola Femsa during the 2nd quarter worth about $26,079,000. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $12,512,000. Everett Harris & Co. CA acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $7,619,000. Finally, BIP Wealth LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $6,129,000.

Analysts Set New Price Targets

A number of research firms have recently commented on KOF. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. HSBC restated a "hold" rating and set a $116.00 target price (down from $120.00) on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $123.00 price target on Coca Cola Femsa in a report on Thursday, October 15th. Barclays upped their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Coca Cola Femsa from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $120.83.

Coca Cola Femsa Stock Down 0.0%

KOF opened at $117.78 on Friday. Coca Cola Femsa S.A.B. de C.V. has a one year low of $84.00 and a one year high of $122.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $197.95 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. The business's 50-day simple moving average is $111.87 and its 200-day simple moving average is $107.82.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.98 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $1.0838 dividend. This is a decrease from Coca Cola Femsa's previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, October 9th. Coca Cola Femsa's dividend payout ratio (DPR) is presently 59.31%.

Coca Cola Femsa Profile

Coca-Cola FEMSA, SAB. de C.V. is the world's largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company's brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.

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