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 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,285 shares of the company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC increased its position in 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 worth $31,000 after purchasing an additional 375 shares during the last quarter. Banque de Luxembourg S.A. acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $43,000. Parvin Asset Management LLC acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $56,000. Finally, Whipplewood Advisors LLC acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $70,000.

Analyst Ratings Changes

KOF has been the subject of several research analyst reports. Wall Street Zen raised shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. increased their price objective 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. Barclays increased their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, UBS Group increased 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 report on Monday, May 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $106.50.

Coca-Cola FEMSA Trading Up 0.8%

Shares of Coca-Cola FEMSA stock traded up $0.73 during trading hours on Tuesday, hitting $95.97. The company's stock had a trading volume of 319,409 shares, compared to its average volume of 190,296. 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 business has a fifty day moving average of $93.57 and a 200 day moving average of $85.34. The company has a market capitalization of $161.29 billion, a PE ratio of 16.29, a P/E/G ratio of 0.62 and a beta of 0.63. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.19. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, equities analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. 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 is 13.76%.

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.