Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 936.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,843 shares of the company's stock after purchasing an additional 5,279 shares during the quarter. GAMMA Investing LLC's holdings in Coca Cola Femsa were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Corvex Management LP boosted its position in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after purchasing an additional 619,931 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Coca Cola Femsa by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after purchasing an additional 9,037 shares during the period. Natixis Advisors LLC boosted its position in shares of Coca Cola Femsa by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock valued at $18,837,000 after purchasing an additional 4,697 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Coca Cola Femsa by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock valued at $17,515,000 after purchasing an additional 3,120 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Coca Cola Femsa by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company's stock valued at $13,007,000 after purchasing an additional 88,873 shares during the period.

Coca Cola Femsa Stock Up 1.0%

Coca Cola Femsa stock traded up $0.96 during mid-day trading on Friday, hitting $95.00. The company's stock had a trading volume of 303,959 shares, compared to its average volume of 197,894. The firm's 50 day moving average is $95.16 and its 200 day moving average is $87.48. The company has a market cap of $159.66 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly 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 16.29% and a net margin of 8.38%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, analysts anticipate 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 company also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Coca Cola Femsa's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. Coca Cola Femsa's dividend payout ratio (DPR) is 13.93%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on Coca Cola Femsa from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, Barclays increased their price objective 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate 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.