Cullen Capital Management LLC Sells 49,999 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Cullen Capital Management LLC cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,123 shares of the company’s stock after selling 49,999 shares during the quarter. Cullen Capital Management LLC’s holdings in Coca-Cola FEMSA were worth $37,007,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KOF. SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC raised its stake in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at approximately $71,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola FEMSA during the fourth quarter worth $70,000. Finally, Jones Financial Companies Lllp increased its holdings in Coca-Cola FEMSA by 111.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock worth $123,000 after buying an additional 835 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $93.01 on Friday. The stock has a market cap of $156.32 billion, a PE ratio of 15.79, a P/E/G ratio of 0.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a 50-day moving average of $86.00 and a 200-day moving average of $83.40. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, sell-side analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $104.00.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.