4 days Ago By Defense World Staff
Envestnet Asset Management Inc. grew its holdings in Coca-Cola FEMSA, S.A.
B. de C.V.
( NYSE:KOF – Free Report ) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,870 shares of the company’s stock after acquiring an additional 3,120 shares during the period.
Envestnet Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $17,515,000 as of its most recent SEC filing. Several other hedge funds also recently modified their holdings of KOF.
Robeco Institutional Asset Management B.V. increased its position in Coca-Cola FEMSA by 14.
7% during the fourth quarter. Robeco Institutional Asset Management B.V.
now owns 1,226,032 shares of the company’s stock worth $95,496,000 after buying an additional 157,530 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Coca-Cola FEMSA by 90.
5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the last quarter.
First Eagle Investment Management LLC raised its stake in shares of Coca-Cola FEMSA by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after acquiring an additional 9,037 shares in the last quarter.
Natixis Advisors LLC lifted 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 purchasing an additional 4,697 shares during the last quarter.
Finally, Arrowstreet Capital Limited Partnership boosted its position in Coca-Cola FEMSA by 46.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock worth $8,011,000 after purchasing an additional 32,674 shares during the period.
Wall Street Analyst Weigh In KOF has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.
00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised their price target on Coca-Cola FEMSA from $107.
00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Finally, StockNews.
com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $104.
75. Coca-Cola FEMSA Stock Up 0.4 % NYSE KOF opened at $94.
78 on Wednesday. Coca-Cola FEMSA, S.A.
B. de C.V.
has a twelve month low of $72.68 and a twelve month high of $102.28.
The stock has a market cap of $159.29 billion, a PE ratio of 16.09, a PEG ratio of 0.
62 and a beta of 0.58. The firm has a 50-day simple moving average of $88.
62 and a 200 day simple moving average of $83.52. The company has a debt-to-equity ratio of 0.
47, a quick ratio of 0.94 and a current ratio of 1.14.
Coca-Cola FEMSA ( NYSE:KOF – Get Free Report ) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.
51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.
99% and a net margin of 8.12%. The company had revenue of $3.
76 billion during the quarter, compared to the consensus estimate of $3.49 billion. On average, research analysts forecast that Coca-Cola FEMSA, S.
A.B. de C.
V. will post 5.7 EPS for the current year.
Coca-Cola FEMSA Increases Dividend The firm also recently declared a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share.
The ex-dividend date is Tuesday, April 22nd. This represents a yield of 3.1%.
This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s payout ratio is currently 12.
66%. Coca-Cola FEMSA Company Profile ( Free Report ) 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.
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A.B. de C.
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