Oppenheimer Asset Management Inc. Sells 18,780 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Oppenheimer Asset Management Inc. trimmed its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 27.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,667 shares of the company’s stock after selling 18,780 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Coca Cola Femsa were worth $4,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of Coca Cola Femsa by 22.7% in the 4th quarter. Signaturefd LLC now owns 708 shares of the company’s stock valued at $67,000 after acquiring an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Coca Cola Femsa by 14.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after acquiring an additional 135 shares in the last quarter. Ethic Inc. raised its stake in shares of Coca Cola Femsa by 3.1% in the 3rd quarter. Ethic Inc. now owns 4,847 shares of the company’s stock valued at $403,000 after acquiring an additional 148 shares in the last quarter. Jones Financial Companies Lllp increased its position in Coca Cola Femsa by 9.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,009 shares of the company’s stock worth $169,000 after buying an additional 168 shares during the period. Finally, Cresset Asset Management LLC increased its position in Coca Cola Femsa by 6.6% in the 3rd quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock worth $251,000 after buying an additional 188 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. The Goldman Sachs Group increased their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.60.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $101.80 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. The firm has a market capitalization of $171.09 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.10 and a beta of 0.52. The company’s fifty day moving average is $101.79 and its two-hundred day moving average is $97.47. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.57% and a net margin of 7.84%. Equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were issued a dividend of $1.0873 per share. This represents a $4.35 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, April 20th. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s payout ratio is 66.67%.

Coca Cola Femsa Company 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.