Freestone Capital Holdings LLC Buys 6,677 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Freestone Capital Holdings LLC increased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 53.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,100 shares of the company’s stock after acquiring an additional 6,677 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Coca-Cola FEMSA were worth $1,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KOF. Benjamin F. Edwards & Company Inc. bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $29,000. 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 valued at $37,000 after buying an additional 113 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 74.9% in the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after buying an additional 248 shares in the last quarter. ORG Partners LLC bought a new position in shares of Coca-Cola FEMSA in the first quarter valued at $63,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Coca-Cola FEMSA by 194.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock valued at $73,000 after buying an additional 509 shares in the last quarter.

Coca-Cola FEMSA Trading Up 2.7 %

Shares of KOF traded up $2.30 during trading hours on Friday, hitting $87.22. The company’s stock had a trading volume of 121,714 shares, compared to its average volume of 165,456. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The business has a 50 day simple moving average of $88.28 and a two-hundred day simple moving average of $93.54. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter last year, the company earned $1.32 earnings per share. As a group, equities research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.59 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 15th will be given a $0.8325 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 13.20%.

Analysts Set New Price Targets

Several brokerages have recently commented on KOF. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. UBS Group decreased their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays decreased their price objective on shares of Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. Two 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. According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and a consensus price target of $99.55.

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.