Vanguard Capital Wealth Advisors Sells 407 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Vanguard Capital Wealth Advisors cut its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,218 shares of the company’s stock after selling 407 shares during the quarter. Coca-Cola FEMSA accounts for approximately 1.2% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 17th largest position. Vanguard Capital Wealth Advisors’ holdings in Coca-Cola FEMSA were worth $1,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Coca-Cola FEMSA by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 3,877 shares of the company’s stock worth $304,000 after buying an additional 201 shares during the period. Veracity Capital LLC grew its holdings in Coca-Cola FEMSA by 16.3% during the 3rd quarter. Veracity Capital LLC now owns 5,962 shares of the company’s stock valued at $468,000 after buying an additional 835 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Coca-Cola FEMSA during the 3rd quarter valued at $272,000. Panagora Asset Management Inc. grew its stake in Coca-Cola FEMSA by 17.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 62,119 shares of the company’s stock valued at $4,873,000 after purchasing an additional 9,023 shares during the last quarter. Finally, Aubrey Capital Management Ltd boosted its stake in shares of Coca-Cola FEMSA by 1.6% in the third quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock worth $10,120,000 after buying an additional 2,000 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF traded down $1.55 during midday trading on Tuesday, hitting $99.15. The company had a trading volume of 176,953 shares, compared to its average volume of 164,285. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $69.33 and a twelve month high of $104.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The business’s 50-day simple moving average is $96.74 and its 200-day simple moving average is $91.35.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS 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 of this dividend was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

Wall Street Analyst Weigh In

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

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.