Raymond James Financial Services Advisors Inc. Raises Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James Financial Services Advisors Inc. lifted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,175 shares of the company’s stock after buying an additional 543 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Coca-Cola FEMSA were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KOF. IFP Advisors Inc raised its holdings in Coca-Cola FEMSA by 6.5% in the 2nd quarter. IFP Advisors Inc now owns 2,130 shares of the company’s stock worth $177,000 after purchasing an additional 130 shares during the period. HighTower Advisors LLC raised its holdings in Coca-Cola FEMSA by 4.1% in the 1st quarter. HighTower Advisors LLC now owns 3,532 shares of the company’s stock worth $282,000 after purchasing an additional 138 shares during the period. Summit Global Investments raised its holdings in Coca-Cola FEMSA by 0.6% in the 3rd quarter. Summit Global Investments now owns 29,021 shares of the company’s stock worth $2,276,000 after purchasing an additional 164 shares during the period. Commonwealth Equity Services LLC raised its holdings in Coca-Cola FEMSA by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,877 shares of the company’s stock worth $304,000 after purchasing an additional 201 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Coca-Cola FEMSA by 16.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock valued at $106,000 after acquiring an additional 257 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group increased their target price on Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price objective on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.

Coca-Cola FEMSA Trading Up 0.1 %

KOF opened at $93.34 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week high of $104.38. The business has a fifty day simple moving average of $96.97 and a 200-day simple moving average of $90.24. The firm has a market cap of $156.87 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.99 and a beta of 0.87. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. On average, equities analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be given a dividend of $0.81 per share. The ex-dividend date is Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 15.34%.

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.