Envestnet Asset Management Inc. Acquires 3,120 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Envestnet Asset Management Inc. grew its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) 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) 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

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.