Hennion & Walsh Asset Management Inc. Has $922,000 Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Hennion & Walsh Asset Management Inc. lifted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,487 shares of the company’s stock after acquiring an additional 874 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Coca-Cola FEMSA during the fourth quarter worth $29,000. Hartford Financial Management Inc. grew its stake in Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the period. Parallel Advisors LLC increased its holdings in shares of Coca-Cola FEMSA by 74.9% in the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after acquiring an additional 248 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Coca-Cola FEMSA by 194.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock worth $73,000 after purchasing an additional 509 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $209,000.

Coca-Cola FEMSA Stock Performance

KOF opened at $82.85 on Tuesday. The stock has a fifty day moving average of $92.99 and a 200-day moving average of $94.67. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $69.33 and a fifty-two week 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.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. On average, research analysts forecast 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 firm also recently disclosed an annual dividend, which was paid on Friday, April 26th. Investors 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%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KOF. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. UBS Group lifted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.45.

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.