Northern Trust Corp increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 113.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,994 shares of the company's stock after acquiring an additional 88,873 shares during the period. Northern Trust Corp's holdings in Coca-Cola FEMSA were worth $13,007,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA during the 4th quarter worth $29,000. Steward Partners Investment Advisory LLC grew its position in shares of Coca-Cola FEMSA by 1,388.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after buying an additional 375 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola FEMSA in 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 valued at $123,000 after buying an additional 835 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Coca-Cola FEMSA by 170.1% in the 4th quarter. Barclays PLC now owns 1,745 shares of the company's stock valued at $136,000 after buying an additional 1,099 shares during the last quarter.
Coca-Cola FEMSA Trading Up 0.4%
Shares of NYSE:KOF traded up $0.36 during midday trading on Monday, reaching $93.11. The company's stock had a trading volume of 165,900 shares, compared to its average volume of 185,645. The firm has a market capitalization of $156.49 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a 50 day moving average price of $92.82 and a two-hundred day moving average price of $84.75. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted 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. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, analysts forecast 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA's payout ratio is currently 13.76%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on KOF shares. Barclays upped their price target 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. StockNews.com lowered Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, UBS Group upped their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $106.50.
Get Our Latest Research Report on KOF
About Coca-Cola FEMSA
(
Free Report)
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.
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