Northwestern Mutual Wealth Management Co. Acquires 5,035 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Northwestern Mutual Wealth Management Co. boosted its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,439 shares of the company’s stock after purchasing an additional 5,035 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Coca Cola Femsa were worth $2,030,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in Coca Cola Femsa by 22.7% in the fourth quarter. Signaturefd LLC now owns 708 shares of the company’s stock worth $67,000 after purchasing an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Coca Cola Femsa by 14.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after purchasing an additional 135 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Coca Cola Femsa by 9.1% in the third quarter. Jones Financial Companies Lllp now owns 2,009 shares of the company’s stock worth $169,000 after purchasing an additional 168 shares in the last quarter. Cresset Asset Management LLC grew its stake in Coca Cola Femsa by 6.6% in the third quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock valued at $251,000 after acquiring an additional 188 shares during the period. Finally, Martin Capital Partners LLC increased its holdings in shares of Coca Cola Femsa by 0.4% during the fourth quarter. Martin Capital Partners LLC now owns 54,479 shares of the company’s stock valued at $5,160,000 after acquiring an additional 211 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KOF shares. Barclays boosted their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a report on Wednesday, February 11th. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, The Goldman Sachs Group boosted their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Coca Cola Femsa Trading Down 0.4%

NYSE KOF opened at $106.42 on Friday. The company has a market cap of $178.86 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.29 and a beta of 0.53. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The business has a 50 day moving average price of $103.63 and a 200-day moving average price of $100.86. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. As a group, equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were given a dividend of $1.0873 per share. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. This represents a $4.35 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa’s payout ratio is presently 66.67%.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.