Price T Rowe Associates Inc. MD Purchases 8,500 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Price T Rowe Associates Inc. MD increased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,800 shares of the company's stock after purchasing an additional 8,500 shares during the period. Price T Rowe Associates Inc. MD's holdings in Coca-Cola FEMSA were worth $6,839,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after buying an additional 378,325 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after purchasing an additional 2,902 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Coca-Cola FEMSA by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock valued at $17,515,000 after purchasing an additional 3,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coca-Cola FEMSA by 570.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Coca-Cola FEMSA by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock worth $8,011,000 after purchasing an additional 32,674 shares in the last quarter.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $93.56 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a market cap of $157.24 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $102.28. The firm's 50-day simple moving average is $91.73 and its two-hundred day simple moving average is $84.25.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Research 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 will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 3.1%. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is currently 13.76%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KOF shares. 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 research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Finally, StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $104.75.

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.

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