Marshall Wace LLP Sells 150,288 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Marshall Wace LLP cut its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 75.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,031 shares of the company's stock after selling 150,288 shares during the period. Marshall Wace LLP's holdings in Coca-Cola FEMSA were worth $3,741,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KOF. Wilmington Savings Fund Society FSB bought a new stake in Coca-Cola FEMSA in the third quarter worth $71,000. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after acquiring an additional 378,325 shares in the last quarter. Kathmere Capital Management LLC boosted 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 acquiring an additional 206 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after acquiring an additional 233 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $494,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KOF. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. raised 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 note on Friday, April 11th. Finally, Barclays boosted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Performance

Shares of KOF traded down $0.65 during mid-day trading on Thursday, hitting $93.48. The company's stock had a trading volume of 15,690 shares, compared to its average volume of 179,179. The stock's 50-day moving average is $91.51 and its two-hundred day moving average is $84.18. The firm has a market capitalization of $157.11 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a $0.8839 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 3.1%. 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 currently 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.