Mirabella Financial Services LLP Cuts Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Mirabella Financial Services LLP lowered its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,995 shares of the company's stock after selling 7,100 shares during the period. Mirabella Financial Services LLP's holdings in Coca-Cola FEMSA were worth $2,882,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased 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. StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Barclays lifted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of "Buy" and a consensus price target of $104.75.

Coca-Cola FEMSA Price Performance

KOF traded up $0.72 during trading on Friday, reaching $99.13. 68,487 shares of the company were exchanged, compared to its average volume of 176,531. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a market cap of $166.61 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $102.28. The company's 50-day moving average is $90.74 and its two-hundred day moving average is $83.95.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.49 billion. Research analysts forecast 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 firm also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be given a $0.8839 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio (DPR) is 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.