Invesco Ltd. Decreases Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Invesco Ltd. cut its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,732 shares of the company’s stock after selling 331 shares during the period. Invesco Ltd.’s holdings in Coca-Cola FEMSA were worth $32,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in Coca-Cola FEMSA by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after acquiring an additional 155 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock valued at $933,000 after buying an additional 212 shares in the last quarter. Park Avenue Securities LLC increased its position in Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after buying an additional 233 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter worth $29,000.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of analyst reports. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Up 1.8 %

KOF opened at $96.42 on Friday. The stock has a market capitalization of $162.05 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The business has a 50-day moving average of $89.32 and a two-hundred day moving average of $83.65.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.8839 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 3.1%. This is a boost from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 12.66%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.