Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is Seafarer Capital Partners LLC’s 6th Largest Position

Seafarer Capital Partners LLC lowered its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 532,427 shares of the company’s stock after selling 89,573 shares during the quarter. Coca-Cola FEMSA makes up approximately 13.6% of Seafarer Capital Partners LLC’s holdings, making the stock its 6th biggest position. Seafarer Capital Partners LLC’s holdings in Coca-Cola FEMSA were worth $50,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KOF. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at about $5,169,000. Envestnet Asset Management Inc. increased its holdings in Coca-Cola FEMSA by 30.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock worth $22,066,000 after acquiring an additional 65,407 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Coca-Cola FEMSA by 44.6% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 114,693 shares of the company’s stock worth $8,997,000 after acquiring an additional 35,386 shares in the last quarter. Stifel Financial Corp increased its holdings in Coca-Cola FEMSA by 27.1% in the 3rd quarter. Stifel Financial Corp now owns 125,878 shares of the company’s stock worth $9,874,000 after acquiring an additional 26,801 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Coca-Cola FEMSA by 17.3% in the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after acquiring an additional 24,017 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KOF shares. 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 target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. 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 research report on Tuesday, April 16th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Trading Up 0.9 %

KOF stock opened at $99.55 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $96.75 and its two-hundred day simple moving average is $90.97. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $69.33 and a twelve month high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. As a group, analysts predict 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 was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were paid a dividend of $0.81 per share. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

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.