Rhumbline Advisers Sells 7,863 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Rhumbline Advisers decreased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 61.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,845 shares of the company's stock after selling 7,863 shares during the quarter. Rhumbline Advisers' holdings in Coca Cola Femsa were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KOF. TD Private Client Wealth LLC raised its stake in Coca Cola Femsa by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock worth $254,000 after acquiring an additional 155 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Coca Cola Femsa by 1.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock worth $933,000 after acquiring an additional 212 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Coca Cola Femsa in the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Coca Cola Femsa by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after buying an additional 375 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Coca Cola Femsa by 3.1% in the fourth quarter. LPL Financial LLC now owns 13,580 shares of the company's stock valued at $1,058,000 after buying an additional 413 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on KOF shares. UBS Group increased their target price 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. 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. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Barclays increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Coca Cola Femsa has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Coca Cola Femsa Trading Up 0.3%

Shares of Coca Cola Femsa stock opened at $95.16 on Tuesday. 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 has a market cap of $159.94 billion, a PE ratio of 15.97, a PEG ratio of 0.93 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. The company has a 50 day simple moving average of $95.18 and a two-hundred day simple moving average of $87.61.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. Analysts expect 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 business also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a $0.8839 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a yield of 3.1%. This is a boost from Coca Cola Femsa's previous semi-annual dividend of $0.74. Coca Cola Femsa's payout ratio is 13.93%.

Coca Cola Femsa Profile

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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