Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFFree Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,328,045 shares of the company’s stock after acquiring an additional 97,238 shares during the period. Goldman Sachs Group Inc.’s holdings in Coca-Cola FEMSA were worth $125,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after acquiring an additional 248 shares during the period. Brandes Investment Partners LP grew its holdings in Coca-Cola FEMSA by 6.1% during the 4th quarter. Brandes Investment Partners LP now owns 5,094 shares of the company’s stock valued at $482,000 after buying an additional 294 shares during the last quarter. Renaissance Group LLC grew its holdings in Coca-Cola FEMSA by 8.5% during the 4th quarter. Renaissance Group LLC now owns 36,731 shares of the company’s stock valued at $3,476,000 after buying an additional 2,890 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock valued at $1,467,000 after buying an additional 187 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Coca-Cola FEMSA by 4.7% during the 4th quarter. D.A. Davidson & CO. now owns 10,649 shares of the company’s stock valued at $1,008,000 after buying an additional 475 shares during the last quarter.

Coca-Cola FEMSA Trading Down 2.6 %

Shares of Coca-Cola FEMSA stock opened at $90.39 on Friday. 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. The business’s fifty day moving average is $96.01 and its two-hundred day moving average is $94.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.67 billion. On average, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.65 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were paid a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

Analyst Ratings Changes

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

Get Our Latest Analysis on KOF

Coca-Cola FEMSA Company 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.

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

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