Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shares Bought by Robeco Institutional Asset Management B.V.

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

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Corvex Management LP boosted its holdings in shares of Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after acquiring an additional 619,931 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Coca Cola Femsa by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after acquiring an additional 9,037 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock valued at $18,837,000 after acquiring an additional 4,697 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Coca Cola Femsa by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after buying an additional 3,120 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Coca Cola Femsa by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after buying an additional 88,873 shares in the last quarter.

Coca Cola Femsa Trading Up 1.4%

Shares of KOF traded up $1.26 on Friday, hitting $94.59. 259,173 shares of the stock traded hands, compared to its average volume of 199,718. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $158.98 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.92 and a beta of 0.60. The stock's 50 day moving average is $95.01 and its two-hundred day moving average is $87.94. 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 announced its quarterly earnings data 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 the consensus estimate 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, sell-side analysts predict 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 company also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid 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 of this dividend was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca Cola Femsa's dividend payout ratio is presently 13.93%.

Analyst Upgrades and Downgrades

KOF has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Barclays boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. Finally, Wall Street Zen raised shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a report on Friday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca Cola Femsa has an average rating of "Buy" and an average price target of $106.50.

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.