Coca Cola Femsa S.A.B. de C.V. $KOF Stock: Robeco Institutional Asset Management B.V. Grows Position

Robeco Institutional Asset Management B.V. increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 7.6% in the third quarter, Holdings Channel reports. The firm owned 512,996 shares of the company’s stock after buying an additional 36,098 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coca Cola Femsa were worth $55,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Whipplewood Advisors LLC grew its position in Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after purchasing an additional 388 shares during the last quarter. KBC Group NV acquired a new position in Coca Cola Femsa in the first quarter valued at $69,000. Community Financial Services Group LLC purchased a new stake in shares of Coca Cola Femsa in the second quarter valued at about $92,000. EverSource Wealth Advisors LLC raised its holdings in shares of Coca Cola Femsa by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after buying an additional 101 shares during the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Coca Cola Femsa in the second quarter valued at about $179,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. HSBC restated a “hold” rating and issued a $116.00 price target (down from $120.00) on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. The Goldman Sachs Group set a $123.00 price objective on Coca Cola Femsa in a research note on Thursday, October 15th. JPMorgan Chase & Co. upped their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Coca Cola Femsa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $120.83.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $117.78 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $111.87 and a 200-day simple moving average of $107.82. The company has a market cap of $197.95 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $84.00 and a 12-month high of $122.14.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. The firm had revenue of $4.36 billion for the quarter. On average, equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.98 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a $1.0838 dividend. The ex-dividend date is Friday, October 9th. This is a negative change from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 annualized dividend and a yield of 3.7%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 59.31%.

Coca Cola Femsa Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.