Robeco Institutional Asset Management B.V. Boosts Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. increased its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245,370 shares of the company's stock after acquiring an additional 19,338 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Coca Cola Femsa worth $113,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Corvex Management LP grew its holdings in Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares during the period. Northern Trust Corp boosted its position in shares of Coca Cola Femsa by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after purchasing an additional 88,873 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new stake in shares of Coca Cola Femsa in the 4th quarter worth approximately $6,533,000. Capital World Investors bought a new position in Coca Cola Femsa during the 4th quarter valued at approximately $4,702,000. Finally, Broyhill Asset Management purchased a new position in Coca Cola Femsa during the fourth quarter valued at $3,383,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KOF. UBS Group increased their target price on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Barclays lifted their target price on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded up $1.94 during midday trading on Thursday, reaching $93.51. 257,442 shares of the company's stock traded hands, compared to its average volume of 199,368. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The stock has a 50 day moving average of $95.11 and a 200 day moving average of $87.68. The company has a market cap of $157.16 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.92 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21.

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

Coca Cola Femsa Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. This is an increase from Coca Cola Femsa's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. This represents a yield of 3.1%. Coca Cola Femsa's dividend payout ratio is 13.76%.

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.