M&T Bank Corp Acquires 1,191 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

M&T Bank Corp boosted its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 24.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,109 shares of the company’s stock after acquiring an additional 1,191 shares during the quarter. M&T Bank Corp’s holdings in Coca Cola Femsa were worth $558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corvex Management LP raised its holdings in shares of Coca Cola Femsa by 138.9% during the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after acquiring an additional 619,931 shares during the period. Northern Trust Corp grew its position in 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 purchasing an additional 88,873 shares in the last quarter. BLI Banque de Luxembourg Investments bought a new position in shares of Coca Cola Femsa in the 4th quarter valued at about $6,533,000. Capital World Investors bought a new position in shares of Coca Cola Femsa in the 4th quarter valued at about $4,702,000. Finally, Ninety One UK Ltd bought a new position in shares of Coca Cola Femsa in the 1st quarter valued at about $3,979,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KOF shares. Morgan Stanley raised Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Finally, UBS Group boosted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average price target of $107.50.

Coca Cola Femsa Stock Down 0.6%

Coca Cola Femsa stock opened at $88.67 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The firm has a 50 day moving average price of $94.59 and a two-hundred day moving average price of $89.06. The firm has a market cap of $149.03 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.86 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF) last posted 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 business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. Equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.874 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 3.94%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 13.93%.

About Coca Cola Femsa

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.