Vanguard Capital Wealth Advisors Lowers Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Vanguard Capital Wealth Advisors lowered its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,697 shares of the company’s stock after selling 521 shares during the period. Coca-Cola FEMSA comprises about 1.1% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 20th largest holding. Vanguard Capital Wealth Advisors’ holdings in Coca-Cola FEMSA were worth $1,526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KOF. Hartford Financial Management Inc. grew its position in Coca-Cola FEMSA by 40.1% during the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after buying an additional 113 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Coca-Cola FEMSA by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after acquiring an additional 153 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock valued at $1,467,000 after acquiring an additional 187 shares during the period. Parallel Advisors LLC increased its stake in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after purchasing an additional 248 shares in the last quarter. Finally, Navellier & Associates Inc. raised its holdings in Coca-Cola FEMSA by 0.5% in the 4th quarter. Navellier & Associates Inc. now owns 52,965 shares of the company’s stock worth $5,013,000 after purchasing an additional 264 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on KOF. JPMorgan Chase & Co. raised their price objective on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Finally, UBS Group lifted their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.45.

Coca-Cola FEMSA Stock Up 0.1 %

KOF traded up $0.05 on Friday, hitting $84.94. 12,079 shares of the company’s stock were exchanged, compared to its average volume of 156,180. 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 firm has a 50-day moving average price of $93.38 and a 200-day moving average price of $94.75. 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 (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share 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 analyst estimates 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 expect 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. Shareholders of record on Monday, April 15th were issued a $0.81 dividend. The ex-dividend date was Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s payout ratio is 13.91%.

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.