2,498 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Purchased by Savant Capital LLC

Savant Capital LLC bought a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,498 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted 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 worth $37,000 after buying an additional 113 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Coca-Cola FEMSA by 48.7% in the third quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after buying an additional 294 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Coca-Cola FEMSA in the third quarter worth approximately $105,000. Systematic Alpha Investments LLC bought a new position in shares of Coca-Cola FEMSA in the third quarter worth approximately $149,000. Finally, Ballentine Partners LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter worth approximately $209,000.

Analyst Upgrades and Downgrades

KOF has been the topic of several analyst reports. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Finally, UBS Group boosted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.

Coca-Cola FEMSA Stock Down 1.3 %

Shares of KOF stock opened at $97.10 on Tuesday. 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 company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $96.58 and a two-hundred day simple moving average of $92.23.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. On average, analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm 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. The ex-dividend date was Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

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.