Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Purchased by Wexford Capital LP

Wexford Capital LP grew its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,618 shares of the company’s stock after acquiring an additional 13,688 shares during the period. Coca-Cola FEMSA accounts for 1.7% of Wexford Capital LP’s holdings, making the stock its 5th largest position. Wexford Capital LP’s holdings in Coca-Cola FEMSA were worth $10,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC lifted its position in 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 worth $31,000 after acquiring an additional 375 shares during the last quarter. Banque de Luxembourg S.A. acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $43,000. Finally, Parvin Asset Management LLC acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $56,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KOF. StockNews.com downgraded shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 1st. UBS Group lifted their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Buy” and an average price target of $106.50.

Coca-Cola FEMSA Stock Up 1.3%

Shares of KOF opened at $92.66 on Monday. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The company has a market cap of $155.72 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $92.82 and a two-hundred day simple moving average of $84.75.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Research analysts forecast 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 business also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s payout ratio 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.