Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,859 shares of the company’s stock after selling 772 shares during the quarter. Cetera Investment Advisers’ holdings in Coca-Cola FEMSA were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC boosted its position in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares during the last quarter. Banque de Luxembourg S.A. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $43,000. Parvin Asset Management LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $56,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $70,000.

Coca-Cola FEMSA Trading Up 2.3%

NYSE KOF opened at $95.16 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a market capitalization of $159.93 billion, a P/E ratio of 16.16, a PEG ratio of 0.62 and a beta of 0.63. The firm’s 50-day moving average is $93.46 and its two-hundred day moving average is $85.27. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, sell-side analysts anticipate 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 firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca-Cola FEMSA’s dividend payout ratio is 13.76%.

Analysts Set New Price Targets

A number of research firms have commented on KOF. Wall Street Zen raised shares of Coca-Cola FEMSA from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group upped their target price on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Finally, Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA has an average rating of “Buy” and a consensus price target of $106.50.

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.