D Orazio & Associates Inc. Acquires Shares of 2,609 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

D Orazio & Associates Inc. acquired a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,609 shares of the company's stock, valued at approximately $238,000.

A number of other hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its stake in Coca-Cola FEMSA by 17.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after buying an additional 2,902 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after acquiring an additional 3,120 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Coca-Cola FEMSA by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after purchasing an additional 32,674 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Coca-Cola FEMSA by 106.1% during the fourth quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock worth $1,314,000 after purchasing an additional 8,685 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Coca-Cola FEMSA during the 4th quarter worth approximately $334,000.

Coca-Cola FEMSA Stock Down 2.5%

KOF stock opened at $96.55 on Monday. 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. The business has a 50-day simple moving average of $95.00 and a 200 day simple moving average of $87.04. 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 company has a market cap of $162.27 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Sell-side analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal 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 paid a $0.8839 dividend. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley raised Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. UBS Group lifted their price objective on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Wall Street Zen cut shares of Coca-Cola FEMSA from a "buy" rating to a "hold" rating in a report on Friday, June 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate 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.

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