Investment Partners LTD. Sells 970 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Investment Partners LTD. trimmed its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,491 shares of the company’s stock after selling 970 shares during the quarter. Investment Partners LTD.’s holdings in Coca-Cola FEMSA were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of Coca-Cola FEMSA by 30.3% in the third quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock valued at $22,066,000 after buying an additional 65,407 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Coca-Cola FEMSA by 3.4% during the 3rd quarter. Natixis Advisors L.P. now owns 223,786 shares of the company’s stock worth $17,554,000 after purchasing an additional 7,402 shares during the last quarter. CI Investments Inc. raised its holdings in Coca-Cola FEMSA by 13.8% during the 3rd quarter. CI Investments Inc. now owns 177,666 shares of the company’s stock worth $13,936,000 after purchasing an additional 21,532 shares during the last quarter. Sei Investments Co. raised its holdings in Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after purchasing an additional 24,017 shares during the last quarter. Finally, Aubrey Capital Management Ltd raised its holdings in Coca-Cola FEMSA by 1.6% during the 3rd quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock worth $10,120,000 after purchasing an additional 2,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. UBS Group boosted their target price on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research 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, JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock traded up $0.94 on Friday, reaching $99.61. 127,750 shares of the company were exchanged, compared to its average volume of 148,619. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $96.75 and a 200 day moving average of $90.97.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data 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. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. As a group, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

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

Coca-Cola FEMSA 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.