Raymond James & Associates Sells 1,342 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James & Associates reduced its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,690 shares of the company’s stock after selling 1,342 shares during the period. Raymond James & Associates’ holdings in Coca-Cola FEMSA were worth $4,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KOF. IFP Advisors Inc increased its holdings in shares of Coca-Cola FEMSA by 57.0% in the 3rd quarter. IFP Advisors Inc now owns 424 shares of the company’s stock valued at $38,000 after acquiring an additional 154 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at $39,000. Signaturefd LLC grew its stake in Coca-Cola FEMSA by 37.7% during the 4th quarter. Signaturefd LLC now owns 588 shares of the company’s stock worth $40,000 after buying an additional 161 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Coca-Cola FEMSA by 415.8% during the 4th quarter. Ronald Blue Trust Inc. now owns 784 shares of the company’s stock valued at $46,000 after buying an additional 632 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Coca-Cola FEMSA by 16.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock valued at $106,000 after buying an additional 257 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KOF has been the topic of several recent analyst reports. Barclays upped their target price on Coca-Cola FEMSA from $77.00 to $91.00 in a research report on Tuesday, April 18th. StockNews.com initiated coverage on Coca-Cola FEMSA in a research report on Thursday, May 18th. They set a “strong-buy” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Coca-Cola FEMSA from $69.00 to $77.00 and gave the company a “neutral” rating in a research note on Thursday, January 26th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Coca-Cola FEMSA Trading Down 0.4 %

Shares of KOF opened at $85.71 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $51.96 and a 52 week high of $91.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 1.14. The stock’s 50-day moving average price is $83.29 and its 200-day moving average price is $74.88.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.07 billion. As a group, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.05 EPS for the current year.

Coca-Cola FEMSA Dividend Announcement

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

Coca-Cola FEMSA Company 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.