Schonfeld Strategic Advisors LLC Purchases 933 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Schonfeld Strategic Advisors LLC increased its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,900 shares of the company’s stock after acquiring an additional 933 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Coca-Cola FEMSA were worth $537,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KOF. Sanctuary Advisors LLC raised its holdings in Coca-Cola FEMSA by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after buying an additional 2,902 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Coca-Cola FEMSA by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock worth $17,515,000 after purchasing an additional 3,120 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock valued at $386,000 after acquiring an additional 4,214 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Coca-Cola FEMSA by 46.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock valued at $8,011,000 after buying an additional 32,674 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after purchasing an additional 157,530 shares in the last quarter.

Wall Street Analyst Weigh In

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

Coca-Cola FEMSA Price Performance

Shares of NYSE KOF opened at $92.96 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The stock has a market capitalization of $156.23 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.62 and a beta of 0.63. The company’s 50-day moving average is $92.29 and its 200 day moving average is $84.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion during 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%. On average, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a $0.8839 dividend. This represents a dividend yield of 3.1%. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 13.76%.

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.