Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Holdings Lowered by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lowered its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,218 shares of the company’s stock after selling 407 shares during the quarter. Coca-Cola FEMSA comprises 1.2% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 17th largest holding. Vanguard Capital Wealth Advisors’ holdings in Coca-Cola FEMSA were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KOF. Kestra Private Wealth Services LLC boosted its position in shares of Coca-Cola FEMSA by 16.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,833 shares of the company’s stock valued at $836,000 after acquiring an additional 1,266 shares during the period. Chase Investment Counsel Corp acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $402,000. Russell Investments Group Ltd. raised its stake in shares of Coca-Cola FEMSA by 1,541.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,072 shares of the company’s stock valued at $385,000 after purchasing an additional 3,824 shares in the last quarter. Hartford Financial Management Inc. raised its stake in shares of Coca-Cola FEMSA by 40.1% in the fourth 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. Finally, Cerity Partners LLC acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $224,000.

Coca-Cola FEMSA Stock Down 1.5 %

Coca-Cola FEMSA stock traded down $1.55 during mid-day trading on Tuesday, hitting $99.15. The stock had a trading volume of 176,953 shares, compared to its average volume of 164,285. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $69.33 and a 12 month high of $104.38. The stock has a 50-day simple moving average of $96.74 and a two-hundred day simple moving average of $91.35.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, research 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 business also recently announced an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a dividend of $0.81 per share. This represents a yield of 0.84%. The ex-dividend date was Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 13.91%.

Analysts Set New Price Targets

Several research analysts have issued reports on KOF shares. UBS Group increased their price objective on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. 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 note on Friday, April 12th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.75.

About Coca-Cola FEMSA

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.