Freestone Capital Holdings LLC lowered its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 49.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,082 shares of the company's stock after selling 4,922 shares during the period. Freestone Capital Holdings LLC's holdings in Coca Cola Femsa were worth $464,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in Coca Cola Femsa by 68.0% during the fourth 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 in the last quarter. Cerity Partners LLC lifted its stake in Coca Cola Femsa by 16.9% during the fourth quarter. Cerity Partners LLC now owns 3,161 shares of the company's stock worth $253,000 after purchasing an additional 456 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Coca Cola Femsa during the fourth quarter worth $2,570,000. Barclays PLC lifted its stake in Coca Cola Femsa by 170.1% during the fourth quarter. Barclays PLC now owns 1,745 shares of the company's stock worth $136,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Capital World Investors acquired a new position in Coca Cola Femsa during the fourth quarter worth $4,702,000.
Coca Cola Femsa Stock Performance
Shares of KOF stock opened at $83.92 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $90.21 and a 200 day moving average price of $90.60. The company has a market cap of $141.04 billion, a P/E ratio of 14.70, a PEG ratio of 1.03 and a beta of 0.62. 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.
Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. Sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.
Coca Cola Femsa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a dividend of $0.874 per share. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa's payout ratio is presently 60.42%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on KOF shares. Wall Street Zen cut Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Two investment 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 currently has a consensus rating of "Moderate Buy" and an average target price of $105.50.
Check Out Our Latest Report on KOF
About Coca Cola Femsa
(
Free Report)
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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