Envestnet Asset Management Inc. Trims Stock Holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Envestnet Asset Management Inc. reduced its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 218,216 shares of the company's stock after selling 6,654 shares during the period. Envestnet Asset Management Inc.'s holdings in Coca Cola Femsa were worth $19,921,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Coca Cola Femsa by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after acquiring an additional 19,338 shares during the last quarter. Corvex Management LP boosted its stake in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after purchasing an additional 619,931 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Coca Cola Femsa by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock valued at $18,837,000 after acquiring an additional 4,697 shares in the last quarter. Northern Trust Corp grew its holdings in Coca Cola Femsa by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after buying an additional 88,873 shares in the last quarter. Finally, Wexford Capital LP lifted its holdings in Coca Cola Femsa by 11.1% during the fourth quarter. Wexford Capital LP now owns 136,618 shares of the company's stock valued at $10,641,000 after purchasing an additional 13,688 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KOF. 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. lowered their price objective on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday. 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 report on Tuesday, July 8th. Finally, Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.75.

Coca Cola Femsa Trading Down 0.5%

Coca Cola Femsa stock traded down $0.44 during mid-day trading on Friday, hitting $90.63. The company's stock had a trading volume of 213,304 shares, compared to its average volume of 200,650. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year 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. The company has a 50 day moving average of $94.40 and a 200-day moving average of $89.32. The stock has a market cap of $152.32 billion, a PE ratio of 15.21, a P/E/G ratio of 0.88 and a beta of 0.60.

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

Coca Cola Femsa Announces Dividend

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