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.
View Our Latest Stock Report on Coca-Cola FEMSA
Coca-Cola FEMSA Company Profile
(
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.
Featured Articles
Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Coca-Cola FEMSA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola FEMSA wasn't on the list.
While Coca-Cola FEMSA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.