Oppenheimer Asset Management Inc. Sells 5,021 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,624 shares of the company's stock after selling 5,021 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Coca Cola Femsa were worth $5,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Corvex Management LP raised its position in Coca Cola Femsa by 138.9% during the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after acquiring an additional 619,931 shares in the last quarter. First Eagle Investment Management LLC raised its position in Coca Cola Femsa by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after acquiring an additional 9,037 shares in the last quarter. Natixis Advisors LLC raised its position in Coca Cola Femsa by 2.0% during the fourth 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. Envestnet Asset Management Inc. raised its position in Coca Cola Femsa by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock valued at $17,515,000 after acquiring an additional 3,120 shares in the last quarter. Finally, Northern Trust Corp raised its position in Coca Cola Femsa by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock valued at $13,007,000 after acquiring an additional 88,873 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on KOF shares. Barclays lifted their price target on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. UBS Group lifted their price target on shares of Coca Cola Femsa from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Coca Cola Femsa Trading Down 1.2%

Shares of KOF stock opened at $94.21 on Wednesday. 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 firm's fifty day simple moving average is $95.17 and its 200 day simple moving average is $87.65. The firm has a market capitalization of $158.33 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44.

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

Coca Cola Femsa Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a $0.8839 dividend. This represents a yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca Cola Femsa's previous semi-annual dividend of $0.74. Coca Cola Femsa's payout ratio is 13.93%.

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.

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