Price T Rowe Associates Inc. MD Has $6.84 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,800 shares of the company's stock after acquiring an additional 8,500 shares during the quarter. 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after purchasing an additional 2,902 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 buying an additional 3,120 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Coca-Cola FEMSA by 570.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock valued at $386,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 buying an additional 32,674 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KOF. StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Barclays lifted 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. UBS Group boosted their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of "Buy" and a consensus target price of $106.50.

Coca-Cola FEMSA Trading Up 0.4 %

Coca-Cola FEMSA stock traded up $0.40 during midday trading on Friday, reaching $93.27. The stock had a trading volume of 69,496 shares, compared to its average volume of 181,102. The stock has a market capitalization of $156.76 billion, a PE ratio of 15.84, a price-to-earnings-growth 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. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28. The stock's 50-day simple moving average is $92.19 and its 200 day simple moving average is $84.46.

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, beating analysts' consensus estimates of $1.01 by $0.19. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Analysts expect 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's payout ratio is presently 13.76%.

About Coca-Cola FEMSA

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.