Clearbridge Investments LLC Sells 50,749 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Clearbridge Investments LLC cut its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 40.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,415 shares of the company’s stock after selling 50,749 shares during the period. Clearbridge Investments LLC’s holdings in Coca Cola Femsa were worth $7,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Invesco Ltd. increased its stake in Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after acquiring an additional 77,475 shares during the period. JPMorgan Chase & Co. increased its stake in Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after acquiring an additional 14,687 shares during the period. Natixis Advisors LLC increased its stake in Coca Cola Femsa by 4.1% during the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock valued at $17,948,000 after acquiring an additional 7,549 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Coca Cola Femsa by 2.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 155,289 shares of the company’s stock valued at $14,707,000 after acquiring an additional 3,855 shares during the period.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $104.31 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The company has a market capitalization of $175.31 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The business has a 50 day simple moving average of $104.17 and a 200 day simple moving average of $101.31.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. On average, sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were issued a $1.0873 dividend. This represents a $4.35 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KOF shares. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday, February 11th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their target price on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.