Robeco Institutional Asset Management B.V. Buys 157,530 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,226,032 shares of the company’s stock after buying an additional 157,530 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Coca-Cola FEMSA worth $95,496,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Coca-Cola FEMSA by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after acquiring an additional 4,742 shares in the last quarter. Creative Planning lifted its holdings in shares of Coca-Cola FEMSA by 13.7% in the 2nd quarter. Creative Planning now owns 9,842 shares of the company’s stock worth $845,000 after buying an additional 1,184 shares during the period. Cetera Investment Advisers grew its position in shares of Coca-Cola FEMSA by 5.7% during the 2nd quarter. Cetera Investment Advisers now owns 11,599 shares of the company’s stock worth $996,000 after buying an additional 629 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Coca-Cola FEMSA during the second quarter valued at $1,317,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola FEMSA in the second quarter valued at about $1,528,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on KOF. Barclays cut their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their target price for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Up 0.1 %

Shares of Coca-Cola FEMSA stock opened at $77.82 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $104.38. The firm’s 50 day moving average price is $78.51 and its 200-day moving average price is $83.65. 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 $130.79 billion, a P/E ratio of 13.21, a PEG ratio of 0.55 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.71%.

Coca-Cola FEMSA 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.