Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,222 shares of the company’s stock after selling 4,549 shares during the period. Clearbridge Investments LLC’s holdings in Coca-Cola FEMSA were worth $8,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its position in shares of Coca-Cola FEMSA by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,410 shares of the company’s stock valued at $10,732,000 after buying an additional 2,233 shares in the last quarter. Blair William & Co. IL purchased a new stake in Coca-Cola FEMSA in the 1st quarter worth $215,000. Avantax Advisory Services Inc. raised its position in Coca-Cola FEMSA by 3.8% during the first quarter. Avantax Advisory Services Inc. now owns 11,393 shares of the company’s stock worth $1,107,000 after acquiring an additional 418 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Coca-Cola FEMSA during the first quarter valued at $582,000. Finally, Thoroughbred Financial Services LLC grew its position in shares of Coca-Cola FEMSA by 17.7% in the first quarter. Thoroughbred Financial Services LLC now owns 7,162 shares of the company’s stock valued at $696,000 after purchasing an additional 1,075 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KOF shares. Barclays decreased their price target on shares of Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. UBS Group lowered their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.55.

Coca-Cola FEMSA Price Performance

Shares of NYSE:KOF opened at $85.54 on Thursday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The business has a fifty day moving average of $88.54 and a two-hundred day moving average of $93.60.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. As a group, sell-side analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.59 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, July 26th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.8325 per share. The ex-dividend date is Monday, July 15th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 13.20%.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.