Oppenheimer Asset Management Inc. Has $4.61 Million Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Oppenheimer Asset Management cut its stake in Coca‑Cola FEMSA by 27.8% in Q4, selling 18,780 shares and ending the quarter with 48,667 shares valued at $4.61 million.
• Coca‑Cola FEMSA raised its quarterly dividend to $1.0873 (annualized $4.35), implying a 4.3% yield and a payout ratio of about 66.7%.
• Analyst sentiment is generally positive — a consensus rating of “Moderate Buy” with a $113.60 average price target after several firms raised targets into the roughly $110–$124 range.

Oppenheimer Asset Management Inc. cut its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 27.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,667 shares of the company's stock after selling 18,780 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Coca Cola Femsa were worth $4,609,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. ABS Direct Equity Fund LLC lifted its holdings in shares of Coca Cola Femsa by 6.1% during the 4th quarter. ABS Direct Equity Fund LLC now owns 20,050 shares of the company's stock valued at $1,899,000 after buying an additional 1,150 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Coca Cola Femsa by 43.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,548 shares of the company's stock valued at $525,000 after buying an additional 1,674 shares during the last quarter. UBS Group AG lifted its holdings in shares of Coca Cola Femsa by 36.2% during the 4th quarter. UBS Group AG now owns 126,584 shares of the company's stock valued at $11,989,000 after buying an additional 33,613 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company's stock valued at $48,000 after buying an additional 422 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Coca Cola Femsa by 334.4% during the 4th quarter. Hartford Financial Management Inc. now owns 1,490 shares of the company's stock valued at $141,000 after buying an additional 1,147 shares during the last quarter.

Coca Cola Femsa Stock Up 0.2%

Shares of KOF stock opened at $101.80 on Friday. The stock's 50 day simple moving average is $101.79 and its 200 day simple moving average is $97.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $116.36. The company has a market capitalization of $171.09 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.10 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.57% and a net margin of 7.84%. As a group, research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were paid a $1.0873 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $1.00. Coca Cola Femsa's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KOF. JPMorgan Chase & Co. lifted their price target on Coca Cola Femsa from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Bank of America reiterated a "buy" rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. The Goldman Sachs Group lifted their price target on Coca Cola Femsa from $97.00 to $111.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Finally, Bradesco Corretora upgraded Coca Cola Femsa to an "outperform" rating and set a $124.00 price target for the company in a report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Coca Cola Femsa currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.60.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA NYSE: KOF is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company's product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.

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