Northwestern Mutual Wealth Management Co. lifted its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,439 shares of the company’s stock after buying an additional 5,035 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Coca Cola Femsa were worth $2,030,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the last quarter. Huntington National Bank purchased a new position in shares of Coca Cola Femsa during the third quarter valued at approximately $37,000. Farther Finance Advisors LLC boosted its position in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the last quarter. Global Retirement Partners LLC boosted its position in Coca Cola Femsa by 138.9% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Coca Cola Femsa in the third quarter worth $49,000.
Coca Cola Femsa Stock Down 0.4%
Shares of NYSE KOF opened at $106.42 on Friday. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The business’s fifty day moving average price is $103.63 and its 200-day moving average price is $100.86. The stock has a market capitalization of $178.86 billion, a PE ratio of 17.92, a P/E/G ratio of 1.29 and a beta of 0.53.
Coca Cola Femsa Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were given a dividend of $1.0873 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s payout ratio is currently 66.67%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on KOF shares. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective on the stock in a research report on Wednesday, February 11th. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.00.
Get Our Latest Stock Report on KOF
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.
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