Bright Futures Wealth Management LLC. Sells 3,567 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Bright Futures Wealth Management LLC. decreased its position in 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 and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Coca Cola Femsa during the fourth quarter valued at about $29,000. Steward Partners Investment Advisory LLC boosted its holdings in 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 valued at $31,000 after acquiring an additional 375 shares during the period. Banque de Luxembourg S.A. purchased a new stake in Coca Cola Femsa during the 4th quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Coca Cola Femsa during the 4th quarter worth approximately $43,000. Finally, Parvin Asset Management LLC purchased a new position in Coca Cola Femsa in the 4th quarter worth approximately $56,000.

Coca Cola Femsa Trading Down 2.6%

KOF stock traded down $2.46 on Wednesday, reaching $91.69. The company's stock had a trading volume of 210,313 shares, compared to its average volume of 199,136. The firm has a market cap of $154.10 billion, a PE ratio of 15.38, a PEG ratio of 0.92 and a beta of 0.60. The business has a fifty day simple moving average of $95.17 and a two-hundred day simple moving average of $87.65. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. As a group, research analysts forecast 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a $0.8839 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Coca Cola Femsa's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca Cola Femsa's dividend payout ratio (DPR) is 13.93%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. increased their price target 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 lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Barclays upped 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 note on Tuesday, March 4th. Finally, UBS Group raised their target price on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Coca Cola Femsa presently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

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.