Legacy Financial Advisors Inc. Has $330,000 Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Legacy Financial Advisors Inc. raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 20.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,482 shares of the company’s stock after purchasing an additional 601 shares during the period. Legacy Financial Advisors Inc.’s holdings in Coca-Cola FEMSA were worth $330,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at $5,169,000. Envestnet Asset Management Inc. lifted its position in shares of Coca-Cola FEMSA by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock valued at $22,066,000 after acquiring an additional 65,407 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Coca-Cola FEMSA by 44.6% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 114,693 shares of the company’s stock valued at $8,997,000 after acquiring an additional 35,386 shares during the period. Stifel Financial Corp lifted its position in shares of Coca-Cola FEMSA by 27.1% during the 3rd quarter. Stifel Financial Corp now owns 125,878 shares of the company’s stock valued at $9,874,000 after acquiring an additional 26,801 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after acquiring an additional 24,017 shares during the period.

Analysts Set New Price Targets

Several analysts have recently issued reports on KOF shares. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. UBS Group upped their price target 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. 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. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.75.

Coca-Cola FEMSA Stock Up 0.8 %

NYSE KOF traded up $0.76 during trading hours on Friday, hitting $98.33. 107,308 shares of the company were exchanged, compared to its average volume of 145,095. The stock has a 50-day moving average price of $96.61 and a 200 day moving average price of $91.90. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Research analysts predict 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. Stockholders of record on Monday, April 15th were given a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, April 12th. Coca-Cola FEMSA’s payout ratio is presently 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.