Quantinno Capital Management LP Has $284,000 Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Quantinno Capital Management LP grew its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,641 shares of the company’s stock after acquiring an additional 486 shares during the quarter. Quantinno Capital Management LP’s holdings in Coca-Cola FEMSA were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the period. Banque de Luxembourg S.A. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $43,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $56,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on KOF. Barclays upped their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Wall Street Zen raised Coca-Cola FEMSA from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Finally, UBS Group upped their price objective on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Buy” and an average target price of $106.50.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $95.16 on Tuesday. The business’s 50 day simple moving average is $93.46 and its 200 day simple moving average is $85.27. 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 stock has a market capitalization of $159.93 billion, a PE ratio of 16.16, a PEG ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. The business 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 15.99% and a net margin of 8.12%. As a group, research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. This is a boost from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. Coca-Cola FEMSA’s dividend payout ratio is presently 13.76%.

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.