Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Purchased by Wexford Capital LP

Wexford Capital LP raised its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,618 shares of the company's stock after purchasing an additional 13,688 shares during the period. Coca-Cola FEMSA makes up approximately 1.7% of Wexford Capital LP's holdings, making the stock its 5th biggest position. Wexford Capital LP's holdings in Coca-Cola FEMSA were worth $10,641,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC lifted its holdings in Coca-Cola FEMSA by 1,388.9% during 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 during the last quarter. Banque de Luxembourg S.A. bought a new position in Coca-Cola FEMSA during the 4th quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Coca-Cola FEMSA during the 4th quarter valued at about $43,000. Finally, Parvin Asset Management LLC bought a new position in Coca-Cola FEMSA during the 4th quarter valued at about $56,000.

Coca-Cola FEMSA Trading Up 2.3%

Shares of NYSE:KOF traded up $2.11 during trading on Friday, hitting $95.16. 275,255 shares of the company's stock were exchanged, compared to its average volume of 189,277. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $101.74. The firm has a 50-day moving average price of $93.34 and a two-hundred day moving average price of $85.14. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market cap of $159.93 billion, a P/E ratio of 16.16, a PEG ratio of 0.62 and a beta of 0.63.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. Equities analysts predict 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 firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's payout ratio is currently 13.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KOF. Wall Street Zen raised shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. UBS Group raised their price objective on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Barclays raised their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $106.50.

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.