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

Robeco Institutional Asset Management B.V. raised 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,502 shares of the company’s stock after purchasing an additional 17,208 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of Coca-Cola FEMSA worth $94,797,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KOF. Itau Unibanco Holding S.A. lifted its stake in Coca-Cola FEMSA by 13.9% in the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after acquiring an additional 62,282 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Coca-Cola FEMSA during the first quarter worth $3,346,000. Quadrature Capital Ltd acquired a new stake in shares of Coca-Cola FEMSA in the first quarter worth about $4,217,000. Marshall Wace LLP bought a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth about $7,708,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Coca-Cola FEMSA during the 2nd quarter valued at about $2,515,000.

Coca-Cola FEMSA Stock Down 0.9 %

KOF stock opened at $80.57 on Tuesday. The business’s 50-day simple moving average is $87.08 and its 200 day simple moving average is $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. The company has a market cap 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.

Coca-Cola FEMSA Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KOF shares. UBS Group reduced their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays dropped 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. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $103.91.

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.