Meritage Portfolio Management Reduces Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Meritage Portfolio Management lessened its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,145 shares of the company’s stock after selling 159 shares during the period. Meritage Portfolio Management’s holdings in Coca-Cola FEMSA were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hartford Financial Management Inc. grew its stake 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 period. Commonwealth Equity Services LLC grew its position in Coca-Cola FEMSA by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 3,877 shares of the company’s stock valued at $304,000 after buying an additional 201 shares during the period. Veracity Capital LLC increased its holdings in Coca-Cola FEMSA by 4.4% in the fourth quarter. Veracity Capital LLC now owns 6,227 shares of the company’s stock valued at $589,000 after buying an additional 265 shares in the last quarter. Signaturefd LLC raised its position in shares of Coca-Cola FEMSA by 48.7% in the third quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after acquiring an additional 294 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Coca-Cola FEMSA by 6.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,594 shares of the company’s stock worth $753,000 after acquiring an additional 542 shares in the last quarter.

Coca-Cola FEMSA Stock Up 3.2 %

Shares of KOF traded up $3.08 during trading hours on Thursday, hitting $98.67. 247,044 shares of the stock were exchanged, compared to its average volume of 164,919. The stock’s 50-day moving average price is $96.81 and its two-hundred day moving average price is $90.74. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $69.33 and a 12-month high of $104.38. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%. During the same period in the previous year, the company earned $1.73 EPS. Sell-side analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s payout ratio is 14.96%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased 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. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.

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.