Mercer Global Advisors Inc. ADV Lowers Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Mercer Global Advisors Inc. ADV decreased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 29.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,854 shares of the company’s stock after selling 2,462 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Coca-Cola FEMSA were worth $456,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Coca-Cola FEMSA by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after purchasing an additional 9,037 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Coca-Cola FEMSA by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 241,845 shares of the company’s stock worth $18,837,000 after purchasing an additional 4,697 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Coca-Cola FEMSA by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock worth $17,515,000 after purchasing an additional 3,120 shares in the last quarter. Finally, Northern Trust Corp grew its position in Coca-Cola FEMSA by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock worth $13,007,000 after purchasing an additional 88,873 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KOF. UBS Group boosted their target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 1st. Barclays raised their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola FEMSA has a consensus rating of “Buy” and an average target price of $106.50.

Coca-Cola FEMSA Trading Up 0.8%

Shares of Coca-Cola FEMSA stock opened at $91.88 on Wednesday. The stock has a market capitalization of $154.42 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.62 and a beta of 0.63. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock’s 50-day simple moving average is $92.46 and its 200 day simple moving average is $84.59.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a $0.8839 dividend. This represents a yield of 3.1%. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA’s payout ratio is currently 13.76%.

Coca-Cola FEMSA Profile

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.