Robeco Institutional Asset Management B.V. Has $94.80 Million Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Robeco Institutional Asset Management B.V. lifted its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,068,502 shares of the company’s stock after acquiring an additional 17,208 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coca-Cola FEMSA were worth $94,797,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA during the 3rd quarter worth $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA during the second quarter worth $32,000. Blue Trust Inc. increased its holdings in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after purchasing an additional 397 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after buying an additional 140 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays cut their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday. UBS Group lowered their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Stock Down 0.9 %

Coca-Cola FEMSA stock opened at $80.57 on Tuesday. The stock has a market capitalization of $135.41 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.68 and a beta of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $80.34 and a twelve month high of $104.38. The company has a 50 day moving average of $87.08 and a 200-day moving average of $89.30. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were given a dividend of $0.7811 per share. The ex-dividend date was Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is currently 11.54%.

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.