Wellington Management Group LLP Invests $3.74 Million in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Wellington Management Group LLP bought a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,515 shares of the company’s stock, valued at approximately $3,740,000.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Coca-Cola FEMSA by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after buying an additional 97,238 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Coca-Cola FEMSA by 4.3% in the fourth quarter. Natixis Advisors L.P. now owns 233,323 shares of the company’s stock worth $22,081,000 after acquiring an additional 9,537 shares during the period. Sei Investments Co. raised its stake in Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after purchasing an additional 24,017 shares during the period. UBS Group AG lifted its holdings in Coca-Cola FEMSA by 1.2% in the 4th quarter. UBS Group AG now owns 143,540 shares of the company’s stock worth $13,585,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Coca-Cola FEMSA by 8.0% in the 4th quarter. Wells Fargo & Company MN now owns 101,718 shares of the company’s stock worth $9,627,000 after purchasing an additional 7,550 shares during the period.

Coca-Cola FEMSA Trading Up 1.1 %

KOF opened at $85.84 on Monday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $69.33 and a 12 month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $93.23 and a 200 day moving average of $94.76.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. On average, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.65 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were paid a dividend of $0.81 per share. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.45.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.