Goldman Sachs Group Inc. Boosts Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Goldman Sachs Group Inc. lifted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,328,045 shares of the company’s stock after buying an additional 97,238 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Coca-Cola FEMSA were worth $125,686,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KOF. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth about $29,000. Hartford Financial Management Inc. increased its position 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 purchasing an additional 113 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Coca-Cola FEMSA by 74.9% during the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after purchasing an additional 248 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Coca-Cola FEMSA by 194.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock worth $73,000 after purchasing an additional 509 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Coca-Cola FEMSA by 54.4% during the 3rd quarter. New York State Common Retirement Fund now owns 2,607 shares of the company’s stock worth $204,000 after purchasing an additional 918 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KOF. JPMorgan Chase & Co. lifted 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 lifted 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. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, StockNews.com raised 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, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.45.

Coca-Cola FEMSA Stock Down 1.8 %

Shares of KOF traded down $1.55 during midday trading on Friday, hitting $84.65. The company had a trading volume of 145,842 shares, compared to its average volume of 140,565. The company’s 50-day simple moving average is $95.14 and its 200-day simple moving average is $94.86. 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 firm has a market capitalization of $142.27 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.72 and a beta of 0.86. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $69.33 and a 1 year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.65 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were paid a dividend of $0.81 per share. This represents a yield of 0.84%. The ex-dividend date of this dividend was Friday, April 12th. Coca-Cola FEMSA’s payout ratio is 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.