Burgundy Asset Management Ltd. Trims Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Burgundy Asset Management Ltd. cut its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFGet Rating) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,137 shares of the company’s stock after selling 137,044 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in Coca-Cola FEMSA were worth $22,252,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Coca-Cola FEMSA by 0.5% in the 3rd quarter. BlackRock Inc. now owns 1,051,749 shares of the company’s stock worth $59,182,000 after buying an additional 5,594 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of Coca-Cola FEMSA by 19.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 581,232 shares of the company’s stock worth $31,846,000 after buying an additional 95,361 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Coca-Cola FEMSA by 261.3% in the 3rd quarter. Goldman Sachs Group Inc. now owns 442,948 shares of the company’s stock worth $24,925,000 after buying an additional 320,360 shares during the period. Morgan Stanley grew its position in shares of Coca-Cola FEMSA by 2.4% in the 3rd quarter. Morgan Stanley now owns 209,106 shares of the company’s stock worth $11,767,000 after buying an additional 4,859 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Coca-Cola FEMSA in the 4th quarter worth about $8,959,000. 4.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. HSBC cut shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, January 20th. Zacks Investment Research cut shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Barclays upgraded shares of Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $55.00 to $62.00 in a research note on Tuesday, May 3rd. The Goldman Sachs Group cut shares of Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research note on Tuesday, January 18th. Finally, StockNews.com assumed coverage on shares of Coca-Cola FEMSA in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $60.40.

Shares of NYSE:KOF traded up $0.84 during trading on Friday, hitting $55.52. The company’s stock had a trading volume of 80,485 shares, compared to its average volume of 115,651. The company has a 50-day moving average of $54.26 and a 200-day moving average of $53.45. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $46.91 and a 12 month high of $59.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a market cap of $93.31 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 2.66 and a beta of 0.78.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.42. Coca-Cola FEMSA had a net margin of 7.69% and a return on equity of 12.44%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.50 billion. As a group, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.07 earnings per share for the current year.

The company also recently announced a semi-annual dividend, which was paid on Friday, May 13th. Investors of record on Monday, May 2nd were issued a $1.3528 dividend. This represents a yield of 4.5%. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $1.24. The ex-dividend date of this dividend was Friday, April 29th. Coca-Cola FEMSA’s dividend payout ratio is currently 73.41%.

Coca-Cola FEMSA Profile (Get Rating)

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, and plant-based drinks.

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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