Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,641 shares of the company’s stock after selling 34,614 shares during the quarter. Cullen Capital Management LLC’s holdings in Coca Cola Femsa were worth $40,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KOF. Bank of America Corp DE raised its stake in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Coca Cola Femsa during the 3rd quarter worth $12,584,000. Lakewood Capital Management LP acquired a new position in Coca Cola Femsa in the third quarter valued at $10,953,000. Deutsche Bank AG increased its stake in Coca Cola Femsa by 8,190.2% in the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after purchasing an additional 115,973 shares during the period. Finally, Invesco Ltd. increased its stake in Coca Cola Femsa by 34.6% in the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after purchasing an additional 77,475 shares during the period.

Coca Cola Femsa Trading Up 1.8%

NYSE KOF opened at $109.06 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The firm has a market cap of $183.30 billion, a PE ratio of 18.36, a P/E/G ratio of 1.29 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 firm’s fifty day moving average is $104.56 and its two-hundred day moving average is $101.49.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were paid a dividend of $1.0873 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, April 20th. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KOF shares. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Barclays lifted their price objective on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Coca Cola Femsa Profile

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.