O Shaughnessy Asset Management LLC Has $4.90 Million Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

O Shaughnessy Asset Management LLC grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 56.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 87,105 shares of the company’s stock after buying an additional 31,251 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Coca-Cola FEMSA were worth $4,901,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KOF. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Coca-Cola FEMSA by 51.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 485,871 shares of the company’s stock valued at $27,340,000 after buying an additional 165,935 shares during the period. BlackRock Inc. boosted its holdings in shares of Coca-Cola FEMSA by 17.1% in the second quarter. BlackRock Inc. now owns 1,046,155 shares of the company’s stock valued at $55,373,000 after buying an additional 152,392 shares during the period. Discerene Group LP acquired a new position in shares of Coca-Cola FEMSA in the second quarter valued at approximately $7,273,000. Goldman Sachs Group Inc. boosted its holdings in shares of Coca-Cola FEMSA by 1,660.1% in the second quarter. Goldman Sachs Group Inc. now owns 122,588 shares of the company’s stock valued at $6,489,000 after buying an additional 115,623 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Coca-Cola FEMSA by 208.2% in the second quarter. Millennium Management LLC now owns 163,019 shares of the company’s stock valued at $8,629,000 after buying an additional 110,129 shares during the period. Institutional investors own 1.21% of the company’s stock.

Shares of KOF opened at $55.74 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $41.53 and a 12 month high of $59.07. The firm has a fifty day simple moving average of $52.47 and a 200 day simple moving average of $54.47. The stock has a market capitalization of $93.68 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.21 and a beta of 0.90. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.67.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Wednesday, October 27th. The company reported $0.81 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. Coca-Cola FEMSA had a net margin of 6.88% and a return on equity of 10.83%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. As a group, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.25 earnings per share for the current fiscal year.

The company also recently declared a semi-annual dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were given a dividend of $1.244 per share. This represents a yield of 4.5%. The ex-dividend date was Friday, October 29th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 78.57%.

Several research analysts have recently weighed in on KOF shares. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, December 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $61.50.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA SAB de CV engages in the production and distribution of trademark beverages. It operates through the following divisions: Mexico and Central America and South America. The Mexico and Central America division comprises Mexico, Guatemala, Nicaragua, Costa Rica and Panama. The South America division consists of Brazil, Argentina, Colombia and Uruguay.

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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