Natixis Advisors LLC Grows Stock Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Natixis Advisors LLC grew its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,510 shares of the company’s stock after purchasing an additional 7,549 shares during the period. Natixis Advisors LLC’s holdings in Coca Cola Femsa were worth $17,948,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after acquiring an additional 77,475 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after acquiring an additional 14,687 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Coca Cola Femsa by 2.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 155,289 shares of the company’s stock worth $14,707,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Coca Cola Femsa by 10.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 154,903 shares of the company’s stock worth $12,875,000 after acquiring an additional 14,447 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Finally, UBS Group downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $106.42 on Friday. The stock has a market capitalization of $178.86 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.29 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The company’s 50-day moving average is $103.63 and its 200 day moving average is $100.86.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. On average, sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were issued a $1.0873 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, April 20th. Coca Cola Femsa’s dividend payout ratio is currently 66.67%.

About Coca Cola Femsa

Coca?Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca?Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca?Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready?to?drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.