Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,216 shares of the company's stock after selling 6,654 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Coca Cola Femsa were worth $19,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in Coca Cola Femsa by 936.0% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Coca Cola Femsa by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after purchasing an additional 32,674 shares during the period. Corient Private Wealth LLC boosted its holdings in Coca Cola Femsa by 106.1% during the fourth quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock worth $1,314,000 after buying an additional 8,685 shares in the last quarter. Focus Partners Wealth acquired a new position in Coca Cola Femsa during the fourth quarter worth about $334,000. Finally, Raymond James Financial Inc. purchased a new position in Coca Cola Femsa in the fourth quarter valued at about $2,570,000.

Analyst Ratings Changes

Several research firms recently weighed in on KOF. UBS Group raised their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lowered their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wall Street Zen cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.75.

Coca Cola Femsa Trading Down 0.5%

Shares of KOF traded down $0.44 during mid-day trading on Friday, hitting $90.63. The company had a trading volume of 213,304 shares, compared to its average volume of 200,856. 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 company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The business's 50-day simple moving average is $94.45 and its 200-day simple moving average is $89.15. The stock has a market cap of $152.32 billion, a PE ratio of 15.21, a P/E/G ratio of 0.87 and a beta of 0.60.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. Sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be given a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa's payout ratio is currently 58.72%.

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.