Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.3% during the 4th quarter, Holdings Channel reports. The fund owned 233,323 shares of the company’s stock after acquiring an additional 9,537 shares during the period. Natixis Advisors L.P.’s holdings in Coca-Cola FEMSA were worth $22,081,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. West Family Investments Inc. purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at $230,000. Savant Capital LLC purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter worth about $236,000. Kestra Private Wealth Services LLC boosted its position in shares of Coca-Cola FEMSA by 16.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,833 shares of the company’s stock worth $836,000 after acquiring an additional 1,266 shares during the last quarter. Chase Investment Counsel Corp acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $402,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Coca-Cola FEMSA by 1,541.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,072 shares of the company’s stock worth $385,000 after buying an additional 3,824 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KOF. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, April 12th. UBS Group increased their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Stock Up 0.8 %

KOF stock opened at $98.33 on Monday. The stock’s 50 day simple moving average is $96.61 and its 200 day simple moving average is $92.04. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $69.33 and a 12-month high of $104.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were issued a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date was Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 13.91%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.