Freestone Capital Holdings LLC Sells 4,922 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Freestone Capital Holdings LLC reduced its stake in Coca Cola Femsa by 49.2%, now holding 5,082 shares valued at approximately $464,000.
• Coca Cola Femsa's recent earnings report showed an EPS of $1.30, missing expectations, with a revenue of $3.74 billion.
• The company announced a quarterly dividend of $0.874 per share, representing an annualized yield of 4.2%.

Freestone Capital Holdings LLC decreased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 49.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,082 shares of the company's stock after selling 4,922 shares during the quarter. Freestone Capital Holdings LLC's holdings in Coca Cola Femsa were worth $464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KOF. Russell Investments Group Ltd. increased its holdings in shares of Coca Cola Femsa by 68.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,201 shares of the company's stock worth $249,000 after purchasing an additional 1,296 shares during the period. Cerity Partners LLC increased its holdings in shares of Coca Cola Femsa by 16.9% during the 4th quarter. Cerity Partners LLC now owns 3,161 shares of the company's stock worth $253,000 after purchasing an additional 456 shares during the period. Raymond James Financial Inc. bought a new position in shares of Coca Cola Femsa during the 4th quarter worth about $2,570,000. Barclays PLC increased its holdings in shares of Coca Cola Femsa by 170.1% during the 4th quarter. Barclays PLC now owns 1,745 shares of the company's stock worth $136,000 after purchasing an additional 1,099 shares during the period. Finally, Capital World Investors bought a new position in shares of Coca Cola Femsa during the 4th quarter worth about $4,702,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KOF. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. 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. UBS Group upped their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.50.

Coca Cola Femsa Price Performance

NYSE:KOF traded up $1.6860 on Friday, reaching $87.2260. The stock had a trading volume of 219,839 shares, compared to its average volume of 171,842. The company has a market capitalization of $146.60 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.62. 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 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $89.18 and a 200-day moving average price of $90.80.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were given a $0.874 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa's payout ratio is 60.42%.

About Coca Cola Femsa

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.