Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,216 shares of the company’s stock after selling 6,654 shares during the period. Envestnet Asset Management Inc.’s holdings in Coca Cola Femsa were worth $19,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KOF. Bank of New York Mellon Corp grew its holdings in Coca Cola Femsa by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock valued at $1,537,000 after buying an additional 149 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Coca Cola Femsa by 5.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock valued at $254,000 after buying an additional 155 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of 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 purchasing an additional 212 shares during the last quarter. ORG Wealth Partners LLC boosted its holdings in shares of Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock worth $93,000 after purchasing an additional 264 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Coca Cola Femsa by 9.7% during the first quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company’s stock worth $322,000 after purchasing an additional 312 shares during the last quarter.

Coca Cola Femsa Trading Up 0.6%

NYSE:KOF opened at $89.20 on Thursday. The business’s 50-day moving average is $94.49 and its two-hundred day moving average is $89.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74. The firm has a market capitalization of $149.92 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Research analysts predict 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.874 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 3.92%. Coca Cola Femsa’s dividend payout ratio is presently 58.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KOF shares. Morgan Stanley raised Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. cut their target price on Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, UBS Group increased their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.75.

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.