Vise Technologies Inc. Buys 11,853 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Vise Technologies Inc. increased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 260.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,406 shares of the company's stock after purchasing an additional 11,853 shares during the quarter. Vise Technologies Inc.'s holdings in Coca-Cola FEMSA were worth $1,278,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KOF. TD Private Client Wealth LLC raised its position in shares of Coca-Cola FEMSA by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after purchasing an additional 155 shares during the period. Avantax Advisory Services Inc. grew its stake in Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after buying an additional 212 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after acquiring an additional 233 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $29,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after acquiring an additional 375 shares during the period.

Coca-Cola FEMSA Price Performance

KOF traded up $0.38 on Wednesday, hitting $96.38. 272,690 shares of the stock were exchanged, compared to its average volume of 190,624. The firm has a market capitalization of $161.98 billion, a price-to-earnings ratio of 16.36, 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, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74. The business has a 50-day moving average of $93.57 and a two-hundred day moving average of $85.34.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Sell-side analysts forecast 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 firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. The ex-dividend date was Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is presently 13.76%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KOF. Wall Street Zen upgraded Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective 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 target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola FEMSA currently has a consensus rating of "Buy" and a consensus price target of $106.50.

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.