Lazard Asset Management LLC Sells 7,115 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Lazard Asset Management LLC reduced its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,680 shares of the company's stock after selling 7,115 shares during the quarter. Lazard Asset Management LLC's holdings in Coca-Cola FEMSA were worth $47,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KOF. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola FEMSA during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its holdings in Coca-Cola FEMSA by 1,388.9% in the 4th 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 last quarter. Banque de Luxembourg S.A. acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $43,000. Parvin Asset Management LLC acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $56,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $70,000.

Coca-Cola FEMSA Stock Up 1.3%

NYSE KOF traded up $1.19 during trading hours on Friday, hitting $92.66. 232,294 shares of the company traded hands, compared to its average volume of 185,337. The business's 50-day moving average is $92.68 and its 200-day moving average is $84.69. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $155.72 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.62 and a beta of 0.63.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Sell-side analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is currently 13.76%.

Analyst Ratings Changes

A number of equities analysts have commented on KOF shares. JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, UBS Group upped their price objective on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of "Buy" and an average price target of $106.50.

Coca-Cola FEMSA Company 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.