Oppenheimer Asset Management Inc. decreased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,624 shares of the company's stock after selling 5,021 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Coca Cola Femsa were worth $5,717,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Coca Cola Femsa during the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its stake in Coca Cola Femsa by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after purchasing an additional 375 shares in the last quarter. Banque de Luxembourg S.A. acquired a new position in Coca Cola Femsa during the 4th quarter valued at approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Coca Cola Femsa during the 4th quarter valued at approximately $43,000. Finally, Parvin Asset Management LLC acquired a new position in Coca Cola Femsa during the 4th quarter valued at approximately $56,000.
Coca Cola Femsa Price Performance
KOF traded up $1.26 during midday trading on Friday, hitting $94.59. 259,173 shares of the company traded hands, compared to its average volume of 199,718. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $158.98 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.92 and a beta of 0.60. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The business has a 50 day simple moving average of $95.01 and a two-hundred day simple moving average of $87.89.
Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted 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. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. On average, equities analysts forecast 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 Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. This is an increase from Coca Cola Femsa's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca Cola Femsa's dividend payout ratio (DPR) is currently 13.93%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a research note on Friday. UBS Group increased their price objective on shares of Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Barclays increased their price objective on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca Cola Femsa has a consensus rating of "Buy" and an average target price of $106.50.
Check Out Our Latest Research Report on Coca Cola Femsa
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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