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

Ninety One UK Ltd purchased a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 43,585 shares of the company's stock, valued at approximately $3,979,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Coca Cola Femsa by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Coca Cola Femsa by 1.4% in the 4th 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 boosted its holdings in Coca Cola Femsa by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock worth $8,011,000 after acquiring an additional 32,674 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Coca Cola Femsa by 106.1% during the 4th quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock valued at $1,314,000 after buying an additional 8,685 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Coca Cola Femsa during the 4th quarter valued at approximately $334,000.

Coca Cola Femsa Stock Performance

KOF traded down $0.33 during trading hours on Friday, hitting $89.63. 185,458 shares of the stock were exchanged, compared to its average volume of 199,790. The stock has a 50-day simple moving average of $94.78 and a 200-day simple moving average of $88.92. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a market cap of $150.64 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.86 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 (NYSE:KOF - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) 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 analysts' expectations of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th will be paid a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's payout ratio is 13.93%.

Analyst Ratings Changes

KOF has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. UBS Group increased their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $107.50.

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.