Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,055 shares of the company's stock after selling 10,644 shares during the period. Stifel Financial Corp's holdings in Coca-Cola FEMSA were worth $4,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after acquiring an additional 375 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola FEMSA during the third quarter valued at approximately $71,000. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $70,000. Finally, Jones Financial Companies Lllp grew its stake in Coca-Cola FEMSA by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after purchasing an additional 835 shares in the last quarter.

Coca-Cola FEMSA Stock Down 0.0 %

Coca-Cola FEMSA stock traded down $0.01 during trading hours on Tuesday, reaching $92.88. The stock had a trading volume of 10,655 shares, compared to its average volume of 179,526. The company has a market cap of $156.10 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.62 and a beta of 0.63. The business's 50 day moving average price is $91.86 and its 200-day moving average price is $84.27. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $102.28. 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 (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion during 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%. Sell-side analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS 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. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's payout ratio is presently 13.76%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Barclays raised 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. UBS Group upped their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday. Finally, StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.