Voloridge Investment Management LLC Lowers Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Voloridge Investment Management LLC decreased its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 17.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,481 shares of the company's stock after selling 26,390 shares during the period. Voloridge Investment Management LLC's holdings in Coca-Cola FEMSA were worth $9,618,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KOF. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC raised 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 valued at $31,000 after buying an additional 375 shares during the last quarter. Banque de Luxembourg S.A. bought a new stake in Coca-Cola FEMSA in the fourth quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Coca-Cola FEMSA in the fourth quarter worth $43,000. Finally, Parvin Asset Management LLC bought a new stake in Coca-Cola FEMSA in the fourth quarter worth $56,000.

Analyst Ratings Changes

KOF has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Wall Street Zen raised shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Barclays upped 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, UBS Group upped their price objective on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $106.50.

Coca-Cola FEMSA Trading Down 1.0%

Shares of KOF traded down $1.01 during midday trading on Friday, reaching $95.49. The company had a trading volume of 53,992 shares, compared to its average volume of 190,752. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $101.74. The stock has a market cap of $160.49 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The firm has a 50 day simple moving average of $93.90 and a 200-day simple moving average of $85.52. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its 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. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. This is a boost 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 yield of 3.1%. Coca-Cola FEMSA's payout ratio is presently 13.76%.

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.