Ninety One UK Ltd Purchases Shares of 43,585 Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Ninety One UK Ltd purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 43,585 shares of the company's stock, valued at approximately $3,979,000.

Several other large investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Coca Cola Femsa in the 4th quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC grew its stake in shares of Coca Cola Femsa by 1,388.9% in 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 period. Wayfinding Financial LLC bought a new stake in shares of Coca Cola Femsa in the 1st quarter valued at approximately $41,000. Banque de Luxembourg S.A. bought a new stake in shares of Coca Cola Femsa in the 4th quarter valued at approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Coca Cola Femsa during the 4th quarter worth approximately $43,000.

Coca Cola Femsa Trading Down 1.0%

Shares of KOF stock traded down $0.89 during trading hours on Thursday, reaching $88.78. The company had a trading volume of 118,550 shares, compared to its average volume of 199,262. The company has a 50 day moving average of $94.92 and a 200 day moving average of $88.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. The firm has a market cap of $149.22 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.91 and a beta of 0.60. 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.

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, beating analysts' consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. On average, equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.874 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.50 annualized dividend and a yield of 3.94%. Coca Cola Femsa's dividend payout ratio is presently 13.93%.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of research analyst reports. UBS Group increased their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. increased their price objective 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. Finally, Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $107.50.

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.