Chase Investment Counsel Corp Makes New $402,000 Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Chase Investment Counsel Corp bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,249 shares of the company’s stock, valued at approximately $402,000.

Several other hedge funds have also recently modified their holdings of the company. Hartford Financial Management Inc. increased 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 last quarter. Signaturefd LLC increased its stake in shares of Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 294 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $105,000. Systematic Alpha Investments LLC purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $149,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $209,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Finally, UBS Group lifted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Price Performance

KOF opened at $100.54 on Tuesday. The company has a fifty day moving average price of $96.74 and a 200-day moving average price of $91.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. Sell-side analysts anticipate 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 company also recently declared an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 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.