Natixis Advisors LLC Acquires 26,634 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Natixis Advisors LLC lifted its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,479 shares of the company’s stock after purchasing an additional 26,634 shares during the quarter. Natixis Advisors LLC’s holdings in Coca Cola Femsa were worth $24,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Coca Cola Femsa by 19.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,890 shares of the company’s stock worth $303,000 after acquiring an additional 626 shares during the period. LPL Financial LLC grew its holdings in shares of Coca Cola Femsa by 3.1% in the fourth quarter. LPL Financial LLC now owns 13,580 shares of the company’s stock worth $1,058,000 after acquiring an additional 413 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Coca Cola Femsa by 14.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 85,739 shares of the company’s stock worth $6,678,000 after acquiring an additional 11,086 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Coca Cola Femsa by 46.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock valued at $8,011,000 after acquiring an additional 32,674 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Coca Cola Femsa by 16.0% in the fourth quarter. National Bank of Canada FI now owns 29,311 shares of the company’s stock valued at $2,283,000 after acquiring an additional 4,035 shares during the period.

Wall Street Analyst Weigh In

KOF has been the subject of several research reports. Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. UBS Group upped their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley upgraded shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average price target of $105.50.

Coca Cola Femsa Price Performance

NYSE KOF opened at $83.36 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a market cap of $140.10 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.77 and a beta of 0.60. The company’s 50 day moving average is $92.90 and its two-hundred day moving average is $89.85.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 60.42%.

Coca Cola Femsa Company Profile

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.