4,249 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp 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 13F filing with the Securities & Exchange Commission. The firm bought 4,249 shares of the company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in shares of Coca-Cola FEMSA by 1,541.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,072 shares of the company’s stock worth $385,000 after acquiring an additional 3,824 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after acquiring an additional 113 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $224,000. HBK Sorce Advisory LLC purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $241,000. Finally, Americana Partners LLC purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $244,000.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $100.54 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The company’s fifty day moving average price is $96.74 and its 200-day moving average price is $91.35. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38.

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

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a $0.81 dividend. 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%.

Wall Street Analyst Weigh In

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

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.