Crossmark Global Holdings Inc. Sells 10,836 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Crossmark Global Holdings Inc. lowered its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,269 shares of the company’s stock after selling 10,836 shares during the period. Crossmark Global Holdings Inc.’s holdings in Coca Cola Femsa were worth $14,723,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KOF. Quadrant Capital Group LLC increased its position in shares of Coca Cola Femsa by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $1,942,000 after acquiring an additional 122 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Coca Cola Femsa by 7.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 512,996 shares of the company’s stock valued at $55,424,000 after acquiring an additional 36,098 shares during the last quarter. Capital Advisors Wealth Management LLC raised its stake in shares of Coca Cola Femsa by 3.4% during the third quarter. Capital Advisors Wealth Management LLC now owns 10,111 shares of the company’s stock valued at $1,092,000 after acquiring an additional 330 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Coca Cola Femsa by 8.8% during the second quarter. QRG Capital Management Inc. now owns 4,950 shares of the company’s stock valued at $526,000 after acquiring an additional 399 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter worth about $235,000.

Coca Cola Femsa Price Performance

Shares of KOF opened at $117.84 on Thursday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $84.00 and a fifty-two week high of $122.14. The firm’s 50-day simple moving average is $111.69 and its two-hundred day simple moving average is $107.69. The stock has a market cap of $198.05 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.61 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The firm had revenue of $4.36 billion during the quarter. Analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.98 earnings per share for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $1.0838 dividend. This represents a $4.34 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, October 9th. This is a decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 59.15%.

Analyst Ratings Changes

Several research firms recently issued reports on KOF. Weiss Ratings raised Coca Cola Femsa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group set a $123.00 price target on Coca Cola Femsa in a report on Thursday, October 15th. HSBC restated a “hold” rating and set a $116.00 price target (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $120.83.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.