Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC boosted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the company’s stock after purchasing an additional 172 shares during the quarter. Claro Advisors LLC’s holdings in Coca-Cola FEMSA were worth $308,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after buying an additional 97,238 shares during the last quarter. Capital Wealth Planning LLC lifted its position in Coca-Cola FEMSA by 14.4% during the 4th quarter. Capital Wealth Planning LLC now owns 18,254 shares of the company’s stock worth $1,728,000 after acquiring an additional 2,300 shares during the period. Summit Global Investments grew its stake in shares of Coca-Cola FEMSA by 2.9% in the 4th quarter. Summit Global Investments now owns 29,850 shares of the company’s stock valued at $2,825,000 after purchasing an additional 829 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Coca-Cola FEMSA by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock valued at $1,467,000 after purchasing an additional 187 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Coca-Cola FEMSA by 17.3% in the third quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after purchasing an additional 24,017 shares during the period.

Analyst Ratings Changes

A number of research firms recently weighed in on KOF. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. UBS Group increased their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. 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, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.45.

Coca-Cola FEMSA Trading Down 3.5 %

Shares of NYSE:KOF opened at $82.85 on Tuesday. The business has a fifty day simple moving average of $92.99 and a 200-day simple moving average of $94.67. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. On average, sell-side analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.65 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

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

About Coca-Cola FEMSA

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.