Advisors Asset Management Inc. Reduces Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Advisors Asset Management Inc. trimmed its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 21.7% in the first quarter, Holdings Channel.com reports. The fund owned 17,694 shares of the company’s stock after selling 4,903 shares during the period. Advisors Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $1,720,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KOF. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Coca-Cola FEMSA by 4.4% in the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock valued at $355,000 after purchasing an additional 153 shares during the last quarter. Chase Investment Counsel Corp grew its holdings in Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after purchasing an additional 154 shares during the last quarter. Claro Advisors LLC increased its position in shares of Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after buying an additional 172 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake 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 worth $1,467,000 after buying an additional 187 shares during the last quarter.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $87.75 on Friday. The firm’s 50-day simple moving average is $88.08 and its 200-day simple moving average is $93.55. 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 1-year low of $69.33 and a 1-year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter in the prior year, the business posted $1.32 earnings per share. As a group, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.59 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a $0.8325 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 13.20%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. upped their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. UBS Group dropped their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays reduced their price objective on Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.55.

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.