Bright Futures Wealth Management LLC. Has $805,000 Stock Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Bright Futures Wealth Management LLC. lowered its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 29.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,354 shares of the company's stock after selling 3,567 shares during the quarter. Bright Futures Wealth Management LLC.'s holdings in Coca Cola Femsa were worth $805,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KOF. SBI Securities Co. Ltd. acquired a new stake in shares of Coca Cola Femsa during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca Cola Femsa by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Banque de Luxembourg S.A. acquired a new stake in shares of Coca Cola Femsa during the 4th quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Coca Cola Femsa during the 4th quarter worth about $43,000. Finally, Parvin Asset Management LLC acquired a new stake in Coca Cola Femsa in the 4th quarter valued at about $56,000.

Analyst Ratings Changes

Several research firms have weighed in on KOF. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. raised their price objective on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Wall Street Zen cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Barclays raised their price objective on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, UBS Group raised their price objective on shares of Coca Cola Femsa from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Coca Cola Femsa Stock Up 1.0%

Shares of NYSE KOF opened at $95.00 on Friday. The firm has a market capitalization of $159.66 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The firm's 50-day moving average is $95.16 and its 200-day moving average is $87.48.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.19. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. Equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. This represents a dividend yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca Cola Femsa's previous semi-annual dividend of $0.74. Coca Cola Femsa's dividend payout ratio (DPR) is 13.93%.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.

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