Northern Trust Corp increased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 5.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 83,765 shares of the company’s stock after purchasing an additional 4,204 shares during the period. Northern Trust Corp owned 0.16% of Coca Cola Femsa S.A.B. de C.V. worth $7,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KOF. Morgan Stanley lifted its holdings in Coca Cola Femsa S.A.B. de C.V. by 48.6% during the 1st quarter. Morgan Stanley now owns 74,326 shares of the company’s stock worth $5,329,000 after purchasing an additional 24,307 shares in the last quarter. Bank of America Corp DE increased its stake in Coca Cola Femsa S.A.B. de C.V. by 312.8% in the 1st quarter. Bank of America Corp DE now owns 70,267 shares of the company’s stock worth $5,037,000 after acquiring an additional 53,245 shares during the last quarter. Aperio Group LLC increased its stake in Coca Cola Femsa S.A.B. de C.V. by 8.6% in the 2nd quarter. Aperio Group LLC now owns 58,855 shares of the company’s stock worth $4,983,000 after acquiring an additional 4,654 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. in the 2nd quarter worth about $2,087,000. Finally, Acadian Asset Management LLC increased its stake in Coca Cola Femsa S.A.B. de C.V. by 984.2% in the 2nd quarter. Acadian Asset Management LLC now owns 89,878 shares of the company’s stock worth $7,612,000 after acquiring an additional 81,588 shares during the last quarter. 6.70% of the stock is currently owned by institutional investors and hedge funds.

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Coca Cola Femsa S.A.B. de C.V. (KOF) opened at $68.73 on Monday. The firm has a market capitalization of $14,247.04, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.00 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. Coca Cola Femsa S.A.B. de C.V. has a one year low of $59.44 and a one year high of $91.85.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be given a dividend of $0.8759 per share. The ex-dividend date is Friday, November 3rd. This represents a dividend yield of 2.49%. Coca Cola Femsa S.A.B. de C.V.’s dividend payout ratio (DPR) is presently 51.32%.

KOF has been the topic of a number of research analyst reports. BidaskClub lowered Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, September 14th. UBS AG upgraded Coca Cola Femsa S.A.B. de C.V. from an “underperform” rating to a “market perform” rating in a research note on Thursday. Finally, Citigroup Inc. upgraded Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.50.

Coca Cola Femsa S.A.B. de C.V. Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

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Institutional Ownership by Quarter for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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