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

Lazard Asset Management LLC lessened its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,473 shares of the company’s stock after selling 8,276 shares during the quarter. Lazard Asset Management LLC’s holdings in Coca Cola Femsa were worth $4,533,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings 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 valued at $57,024,000 after acquiring an additional 274,894 shares during the period. Deutsche Bank AG increased its stake in Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after purchasing an additional 115,973 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 worth $25,035,000 after purchasing an additional 77,475 shares during the period. Jump Financial LLC purchased a new stake in Coca Cola Femsa during the third quarter worth about $3,712,000. Finally, Raymond James Financial Inc. lifted its position in shares of Coca Cola Femsa by 163.7% during the second quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock worth $6,862,000 after purchasing an additional 44,039 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. HSBC reiterated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Barclays boosted their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.33.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $108.37 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The stock has a market capitalization of $182.13 billion, a PE ratio of 17.09, a PEG ratio of 1.33 and a beta of 0.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 1.04. The stock has a 50-day simple moving average of $106.25 and a 200-day simple moving average of $104.75.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 61.99%.

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.