Natixis Advisors L.P. Purchases 9,537 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Natixis Advisors L.P. raised its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,323 shares of the company’s stock after purchasing an additional 9,537 shares during the quarter. Natixis Advisors L.P.’s holdings in Coca-Cola FEMSA were worth $22,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Hartford Financial Management Inc. lifted its stake in shares of Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after buying an additional 113 shares in the last quarter. Signaturefd LLC boosted its stake in Coca-Cola FEMSA by 48.7% in the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 294 shares during the period. NBC Securities Inc. purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth about $105,000. Systematic Alpha Investments LLC bought a new position in shares of Coca-Cola FEMSA in the third quarter valued at approximately $149,000. Finally, New York State Common Retirement Fund grew its stake in Coca-Cola FEMSA by 54.4% during the third quarter. New York State Common Retirement Fund now owns 2,607 shares of the company’s stock valued at $204,000 after acquiring an additional 918 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. UBS Group boosted their price objective on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.75.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $98.33 on Monday. The company’s 50 day moving average price is $96.61 and its 200-day moving average price is $92.04. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. On average, sell-side analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a $0.81 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.