Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,596 shares of the company's stock after selling 39,624 shares during the quarter. CenterBook Partners LP's holdings in Coca-Cola FEMSA were worth $3,551,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its stake in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock worth $95,496,000 after buying an additional 157,530 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after acquiring an additional 378,325 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Coca-Cola FEMSA by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after acquiring an additional 9,037 shares in the last quarter. Natixis Advisors LLC boosted its stake in Coca-Cola FEMSA by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock worth $18,837,000 after purchasing an additional 4,697 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Coca-Cola FEMSA by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after purchasing an additional 3,120 shares during the last quarter.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday. StockNews.com lowered Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Performance

KOF stock traded up $1.12 during trading on Tuesday, hitting $95.54. 41,125 shares of the company traded hands, compared to its average volume of 176,123. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The company has a market cap of $160.57 billion, a PE ratio of 16.22, a P/E/G ratio of 0.62 and a beta of 0.58. The stock's 50-day simple moving average is $88.30 and its 200 day simple moving average is $83.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. On average, equities analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.8839 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is currently 12.66%.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.