Seafarer Capital Partners LLC Has $50.39 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Seafarer Capital Partners LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 532,427 shares of the company’s stock after selling 89,573 shares during the quarter. Coca-Cola FEMSA accounts for approximately 13.6% of Seafarer Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position. Seafarer Capital Partners LLC’s holdings in Coca-Cola FEMSA were worth $50,389,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in Coca-Cola FEMSA by 30.3% during the third quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock worth $22,066,000 after purchasing an additional 65,407 shares during the period. Natixis Advisors L.P. lifted its position in Coca-Cola FEMSA by 3.4% during the third quarter. Natixis Advisors L.P. now owns 223,786 shares of the company’s stock worth $17,554,000 after purchasing an additional 7,402 shares during the period. CI Investments Inc. lifted its position in Coca-Cola FEMSA by 13.8% during the third quarter. CI Investments Inc. now owns 177,666 shares of the company’s stock worth $13,936,000 after purchasing an additional 21,532 shares during the period. Sei Investments Co. raised its stake in Coca-Cola FEMSA by 17.3% during the third quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after acquiring an additional 24,017 shares in the last quarter. Finally, Aubrey Capital Management Ltd raised its stake in Coca-Cola FEMSA by 1.6% during the third quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock worth $10,120,000 after acquiring an additional 2,000 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. UBS Group upped their price objective 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 raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $99.55 on Friday. The company has a 50 day simple moving average of $96.75 and a two-hundred day simple moving average of $90.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 1.02. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $69.33 and a fifty-two week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.76 billion during 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%. On average, analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date was Friday, April 12th. Coca-Cola FEMSA’s payout ratio is 13.91%.

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.