Northern Trust Corp Buys 88,873 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Northern Trust Corp grew its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 113.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,994 shares of the company's stock after acquiring an additional 88,873 shares during the quarter. Northern Trust Corp's holdings in Coca-Cola FEMSA were worth $13,007,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KOF. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $29,000. Steward Partners Investment Advisory LLC increased its stake in Coca-Cola FEMSA by 1,388.9% in the fourth 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 last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at about $70,000. Jones Financial Companies Lllp grew its position in shares of Coca-Cola FEMSA by 111.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after acquiring an additional 835 shares in the last quarter. Finally, Barclays PLC raised its stake in Coca-Cola FEMSA by 170.1% during the 4th quarter. Barclays PLC now owns 1,745 shares of the company's stock valued at $136,000 after acquiring an additional 1,099 shares in the last quarter.

Coca-Cola FEMSA Stock Up 1.4%

KOF stock traded up $1.33 during midday trading on Wednesday, hitting $94.33. The company's stock had a trading volume of 64,111 shares, compared to its average volume of 186,140. The firm has a market capitalization of $158.54 billion, a P/E ratio of 16.02, a PEG ratio of 0.62 and a beta of 0.63. The firm has a 50-day simple moving average of $93.03 and a 200-day simple moving average of $84.89. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly 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. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

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

Analyst Upgrades and Downgrades

KOF has been the subject of several recent analyst reports. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Barclays raised their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.