Malaga Cove Capital LLC Invests $326,000 in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Malaga Cove Capital LLC acquired a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,442 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors also recently modified their holdings of KOF. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at about $29,000. Hartford Financial Management Inc. increased its position in Coca-Cola FEMSA by 40.1% during the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC lifted its holdings in Coca-Cola FEMSA by 48.7% in the third quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after acquiring an additional 294 shares during the period. NBC Securities Inc. bought a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at about $105,000. Finally, Systematic Alpha Investments LLC purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at about $149,000.

Analyst Ratings Changes

Several research analysts have weighed in on KOF shares. UBS Group increased 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 report on Tuesday, April 16th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their target price 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 raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Moderate Buy” and an average target price of $100.75.

Coca-Cola FEMSA Stock Up 0.8 %

NYSE KOF traded up $0.76 during trading hours on Friday, reaching $98.33. The company’s stock had a trading volume of 107,308 shares, compared to its average volume of 145,095. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. 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. The firm’s 50-day moving average price is $96.61 and its 200-day moving average price is $91.79.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm 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, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were issued a $0.81 dividend. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 13.91%.

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.