Robeco Institutional Asset Management B.V. Buys 19,338 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. boosted its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,245,370 shares of the company’s stock after purchasing an additional 19,338 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca Cola Femsa were worth $113,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KOF. Corvex Management LP grew its holdings in shares of Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after purchasing an additional 619,931 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Coca Cola Femsa by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after buying an additional 9,037 shares during the period. Natixis Advisors LLC grew its holdings in Coca Cola Femsa by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company’s stock worth $18,837,000 after acquiring an additional 4,697 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Coca Cola Femsa by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock worth $17,515,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Coca Cola Femsa by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after acquiring an additional 88,873 shares during the period.

Coca Cola Femsa Trading Down 2.6%

NYSE:KOF opened at $91.69 on Thursday. The firm has a market capitalization of $154.10 billion, a P/E ratio of 15.38, a PEG ratio of 0.92 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The company’s 50-day simple moving average is $95.11 and its 200 day simple moving average is $87.68.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. As a group, analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. This is a boost from Coca Cola Femsa’s previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca Cola Femsa’s dividend payout ratio is currently 13.76%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KOF shares. JPMorgan Chase & Co. increased their target price on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Barclays upped their target price on Coca Cola Femsa from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. UBS Group upped their target price on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

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.