Raymond James & Associates Sells 44,734 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James & Associates decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 66.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,628 shares of the company’s stock after selling 44,734 shares during the quarter. Raymond James & Associates’ holdings in Coca-Cola FEMSA were worth $2,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $306,000. Dfpg Investments LLC boosted its holdings in Coca-Cola FEMSA by 11.2% in the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock valued at $616,000 after purchasing an additional 678 shares during the period. VisionPoint Advisory Group LLC grew its position in Coca-Cola FEMSA by 16.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 8,357 shares of the company’s stock worth $656,000 after purchasing an additional 1,180 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Coca-Cola FEMSA by 1.8% during the 3rd quarter. Royal Bank of Canada now owns 118,127 shares of the company’s stock worth $9,266,000 after purchasing an additional 2,094 shares during the period. Finally, Sei Investments Co. raised its position in shares of Coca-Cola FEMSA by 17.3% during the third quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after buying an additional 24,017 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $92.83 on Wednesday. The stock’s fifty day simple moving average is $97.26 and its 200 day simple moving average is $90.09. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business posted $1.73 earnings per share. On average, equities analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be given a $0.81 dividend. The ex-dividend date is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 15.34%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KOF. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, UBS Group lifted their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.

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.