Belpointe Asset Management LLC Invests $39,000 in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Belpointe Asset Management LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 573 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also made changes to their positions in KOF. Advisor Group Holdings Inc. increased its stake in shares of Coca-Cola FEMSA by 367.9% during the first quarter. Advisor Group Holdings Inc. now owns 13,429 shares of the company’s stock valued at $365,000 after buying an additional 10,559 shares during the period. Bank of New York Mellon Corp grew its stake in Coca-Cola FEMSA by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 13,352 shares of the company’s stock valued at $734,000 after purchasing an additional 1,301 shares during the last quarter. Citigroup Inc. grew its stake in Coca-Cola FEMSA by 23.4% in the first quarter. Citigroup Inc. now owns 31,532 shares of the company’s stock valued at $1,732,000 after purchasing an additional 5,986 shares during the last quarter. BlackRock Inc. grew its stake in shares of Coca-Cola FEMSA by 3.2% during the first quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock worth $56,547,000 after acquiring an additional 31,937 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Coca-Cola FEMSA during the first quarter worth about $974,000. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KOF. JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $69.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. StockNews.com assumed coverage on Coca-Cola FEMSA in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company. Finally, Barclays boosted their price target on Coca-Cola FEMSA from $77.00 to $91.00 in a report on Tuesday, April 18th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $85.24 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $51.96 and a 1-year high of $91.23. The stock has a 50 day simple moving average of $83.68 and a 200-day simple moving average of $75.03.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.10 by $0.63. Coca-Cola FEMSA had a return on equity of 15.88% and a net margin of 8.60%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. As a group, equities research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.05 earnings per share for the current year.

Coca-Cola FEMSA Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, May 15th. Stockholders of record on Tuesday, May 2nd were paid a $1.6048 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 1st. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 29.84%.

Coca-Cola FEMSA Profile

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Coca-Cola FEMSA SAB de CV engages in the business of producing franchise bottles of trademark beverages. It operates under the Mexico and Central America, and South America segments. The Mexico and Central America segment includes Mexico, Guatemala, Nicaragua, Costa Rica, and Panama. The South America segment focuses on Colombia, Brazil, Argentina, and Uruguay.