Rhumbline Advisers Has $442,000 Stock Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Rhumbline Advisers lessened its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 61.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,845 shares of the company's stock after selling 7,863 shares during the quarter. Rhumbline Advisers' holdings in Coca Cola Femsa were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KOF. Sanctuary Advisors LLC raised its holdings in shares of Coca Cola Femsa by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after acquiring an additional 2,902 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Coca Cola Femsa during the 4th quarter worth about $213,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca Cola Femsa in the 4th quarter valued at about $70,000. Sage Investment Counsel LLC bought a new stake in shares of Coca Cola Femsa in the fourth quarter valued at about $273,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Coca Cola Femsa by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock valued at $123,000 after purchasing an additional 835 shares in the last quarter.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent research reports. Barclays lifted their target price 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. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Friday, June 6th. UBS Group raised their target price on shares of 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, JPMorgan Chase & Co. lifted their price target on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Coca Cola Femsa Price Performance

NYSE KOF traded up $1.26 during midday trading on Friday, hitting $94.59. The company had a trading volume of 259,172 shares, compared to its average volume of 225,075. The company has a market capitalization of $158.98 billion, a PE ratio of 15.87, a P/E/G ratio of 0.90 and a beta of 0.60. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $95.05 and a 200-day moving average price of $87.76. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. As a group, analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared 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 was Tuesday, April 22nd. This is an increase from Coca Cola Femsa's previous semi-annual dividend of $0.74. Coca Cola Femsa's dividend payout ratio is 13.93%.

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.