Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. lessened its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) by 34.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 745,543 shares of the company’s stock after selling 393,726 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca Cola Femsa were worth $61,955,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KOF. MAI Capital Management raised its position in shares of Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after acquiring an additional 201 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Coca Cola Femsa in the second quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Coca Cola Femsa by 46.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after purchasing an additional 216 shares during the period. CWM LLC increased its stake in Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after purchasing an additional 119 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after purchasing an additional 601 shares during the period.

Coca Cola Femsa Trading Up 0.8%

Shares of NYSE:KOF opened at $94.85 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $90.66 and its 200 day moving average price is $87.87. The company has a market cap of $158.13 billion, a PE ratio of 16.52, a P/E/G ratio of 1.20 and a beta of 0.51. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74.

Coca Cola Femsa (NYSE:KOF – Get Free Report) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. Sell-side 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were given a $0.9979 dividend. This represents a $3.99 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Analysts Set New Price Targets

Several research firms have recently commented on KOF. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. UBS Group decreased their target price on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Finally, Barclays reissued an “equal weight” rating and issued a $98.00 price target on shares of Coca Cola Femsa in a report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.00.

Read Our Latest Stock Analysis on Coca Cola Femsa

About Coca Cola Femsa

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report).