Focus Partners Wealth Takes Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Focus Partners Wealth acquired a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,285 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the period. Banque de Luxembourg S.A. bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $43,000. Parvin Asset Management LLC bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $56,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $70,000.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $95.27 on Thursday. The stock’s fifty day moving average is $93.15 and its 200-day moving average is $84.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $160.12 billion, a PE ratio of 16.17, a PEG ratio of 0.62 and a beta of 0.63. 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.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. The company 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%. Equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped 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. UBS Group upped their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Barclays upped their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $106.50.

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.