Focus Partners Wealth Takes Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Focus Partners Wealth acquired a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,285 shares of the company's stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca-Cola FEMSA by 1,388.9% during the fourth 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 period. Banque de Luxembourg S.A. bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $43,000. Parvin Asset Management LLC bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $56,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $70,000.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $95.27 on Thursday. The stock's fifty day moving average is $93.15 and its 200-day moving average is $84.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $160.12 billion, a PE ratio of 16.17, a PEG ratio of 0.62 and a beta of 0.63. 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 announced its 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. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities research analysts expect 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 announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio is presently 13.76%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on 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 upped 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. Finally, Barclays upped their price target on 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $106.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.