Malaga Cove Capital LLC Acquires New Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Malaga Cove Capital LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,442 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in 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 acquiring an additional 65,407 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of Coca-Cola FEMSA by 4.3% during the fourth quarter. Natixis Advisors L.P. now owns 233,323 shares of the company’s stock worth $22,081,000 after buying an additional 9,537 shares during the period. CI Investments Inc. raised its stake in Coca-Cola FEMSA by 13.8% during the third quarter. CI Investments Inc. now owns 177,666 shares of the company’s stock worth $13,936,000 after buying an additional 21,532 shares during the last quarter. Sei Investments Co. lifted its holdings in 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 buying an additional 24,017 shares during the period. Finally, Aubrey Capital Management Ltd grew 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 acquiring an additional 2,000 shares during the period.

Coca-Cola FEMSA Stock Up 0.8 %

Shares of NYSE:KOF traded up $0.76 during midday trading on Friday, hitting $98.33. 107,308 shares of the company’s stock were exchanged, compared to its average volume of 145,095. The company has a current ratio of 1.05, a quick ratio of 0.87 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. The stock has a 50 day moving average price of $96.61 and a 200-day moving average price of $91.79.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, topping 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 the consensus estimate 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 announced an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were paid a $0.81 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s payout ratio is 13.91%.

Analysts Set New Price Targets

Several brokerages recently commented on KOF. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. UBS Group upped 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. increased their price objective on shares of 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 research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.75.

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.