Marshall Wace LLP Sells 150,288 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Marshall Wace LLP lessened its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 75.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,031 shares of the company's stock after selling 150,288 shares during the period. Marshall Wace LLP's holdings in Coca-Cola FEMSA were worth $3,741,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA in the 3rd quarter valued at about $71,000. Whipplewood Advisors LLC bought a new position in Coca-Cola FEMSA in the 4th quarter valued at about $70,000. Finally, Jones Financial Companies Lllp lifted its position in Coca-Cola FEMSA by 111.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock valued at $123,000 after acquiring an additional 835 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock traded down $3.06 on Tuesday, hitting $93.08. 818,032 shares of the company traded hands, compared to its average volume of 179,305. The stock has a market capitalization of $156.44 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $102.28. The business has a 50-day simple moving average of $91.23 and a 200 day simple moving average of $84.04.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. Research 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. This represents a yield of 3.1%. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date is Tuesday, April 22nd. Coca-Cola FEMSA's payout ratio is presently 13.76%.

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.