Bank of America Corp DE reduced its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 566,651 shares of the company's stock after selling 110,712 shares during the period. Bank of America Corp DE's holdings in Coca-Cola FEMSA were worth $44,136,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. BLI Banque de Luxembourg Investments purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $6,533,000. BNP Paribas Financial Markets lifted its position in shares of Coca-Cola FEMSA by 32.1% in the fourth quarter. BNP Paribas Financial Markets now owns 54,744 shares of the company's stock valued at $4,264,000 after acquiring an additional 13,316 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $56,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Coca-Cola FEMSA by 15.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 6,900 shares of the company's stock valued at $537,000 after acquiring an additional 933 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Coca-Cola FEMSA by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock valued at $13,007,000 after acquiring an additional 88,873 shares in the last quarter.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. UBS Group raised their target price on 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. raised their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Barclays raised their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA presently has an average rating of "Buy" and a consensus target price of $106.50.
Check Out Our Latest Stock Report on Coca-Cola FEMSA
Coca-Cola FEMSA Trading Up 1.3%
Coca-Cola FEMSA stock traded up $1.19 during trading on Friday, reaching $92.66. 232,294 shares of the company were exchanged, compared to its average volume of 185,724. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The company has a market capitalization of $155.72 billion, a P/E ratio of 15.73, a PEG ratio of 0.62 and a beta of 0.63. 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's 50 day simple moving average is $92.82 and its two-hundred day simple moving average is $84.74.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.
Coca-Cola FEMSA Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. This represents a yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.
Coca-Cola FEMSA Company Profile
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Free Report)
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.
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