Wells Fargo & Company MN Lowers Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Wells Fargo & Company MN decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,025 shares of the company’s stock after selling 10,765 shares during the quarter. Wells Fargo & Company MN’s holdings in Coca-Cola FEMSA were worth $6,311,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its stake in Coca-Cola FEMSA by 5.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after buying an additional 155 shares in the last quarter. Kathmere Capital Management LLC grew its position in Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after acquiring an additional 206 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Coca-Cola FEMSA by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock valued at $933,000 after acquiring an additional 212 shares during the last quarter. Park Avenue Securities LLC raised its position in Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after purchasing an additional 233 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA during the fourth quarter worth about $29,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KOF. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

KOF opened at $96.42 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The stock’s 50 day simple moving average is $89.66 and its 200 day simple moving average is $83.70. The firm has a market cap of $162.05 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.8839 per share. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. Coca-Cola FEMSA’s dividend payout ratio is currently 12.66%.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.