Capital Advisors Wealth Management LLC Increases Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital Advisors Wealth Management LLC lifted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFFree Report) by 116.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,176 shares of the company’s stock after acquiring an additional 2,786 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Coca-Cola FEMSA were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Coca-Cola FEMSA by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares during the last quarter. Capital Wealth Planning LLC grew its stake in Coca-Cola FEMSA by 14.4% in the fourth quarter. Capital Wealth Planning LLC now owns 18,254 shares of the company’s stock worth $1,728,000 after purchasing an additional 2,300 shares in the last quarter. Summit Global Investments grew its stake in Coca-Cola FEMSA by 2.9% in the fourth quarter. Summit Global Investments now owns 29,850 shares of the company’s stock worth $2,825,000 after purchasing an additional 829 shares in the last quarter. Corient Private Wealth LLC grew its stake in Coca-Cola FEMSA by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after purchasing an additional 187 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Coca-Cola FEMSA by 0.8% in the third quarter. Clearbridge Investments LLC now owns 96,111 shares of the company’s stock worth $7,539,000 after purchasing an additional 734 shares in the last quarter.

Coca-Cola FEMSA Price Performance

KOF stock traded down $1.07 during midday trading on Tuesday, reaching $83.45. The company had a trading volume of 13,082 shares, compared to its average volume of 155,732. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The stock has a 50 day moving average price of $93.87 and a 200 day moving average price of $94.92. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $69.33 and a fifty-two week high of $104.38.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $3.76 billion during 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, equities analysts predict 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 firm also recently disclosed an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

Analysts Set New Price Targets

A number of research firms recently commented on KOF. UBS Group lifted their price target on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.45.

Check Out Our Latest Research Report on Coca-Cola FEMSA

Coca-Cola FEMSA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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