Public Employees Retirement System of Ohio Has $1.62 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Public Employees Retirement System of Ohio cut its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,802 shares of the company's stock after selling 2,824 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Coca-Cola FEMSA were worth $1,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola FEMSA during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC increased its holdings 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. Banque de Luxembourg S.A. purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $43,000. Finally, Parvin Asset Management LLC purchased a new position in Coca-Cola FEMSA during the fourth quarter valued at approximately $56,000.

Coca-Cola FEMSA Stock Up 0.4%

KOF stock traded up $0.38 during trading hours on Thursday, reaching $96.78. 135,385 shares of the stock were exchanged, compared to its average volume of 192,968. The firm's 50-day moving average is $94.34 and its 200-day moving average is $86.02. 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 company has a market cap of $162.65 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 15.99% and a net margin of 8.12%. On average, equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were issued a $0.8839 dividend. The ex-dividend date 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 (DPR) is 13.76%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays increased their target price 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. JPMorgan Chase & Co. upped their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. UBS Group lifted their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a report on Monday, May 5th. Morgan Stanley upgraded Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $106.50.

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.