Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Investment Partners LTD.

Investment Partners LTD. reduced its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,491 shares of the company’s stock after selling 970 shares during the period. Investment Partners LTD.’s holdings in Coca-Cola FEMSA were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KOF. Hartford Financial Management Inc. increased its stake in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after buying an additional 113 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $224,000. HBK Sorce Advisory LLC bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $241,000. Americana Partners LLC bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $244,000. Finally, Ballentine Partners LLC bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth $209,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, UBS Group boosted their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.75.

Coca-Cola FEMSA Trading Up 1.0 %

Shares of Coca-Cola FEMSA stock traded up $0.94 during trading on Friday, hitting $99.61. 127,750 shares of the stock were exchanged, compared to its average volume of 148,619. The stock’s fifty day moving average is $96.75 and its 200 day moving average is $90.97. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $69.33 and a 12 month high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. On average, research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.81 per share. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.