Clearbridge Investments LLC Sells 50,749 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Clearbridge Investments LLC decreased its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,415 shares of the company’s stock after selling 50,749 shares during the quarter. Clearbridge Investments LLC’s holdings in Coca Cola Femsa were worth $7,143,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares in the last quarter. R Squared Ltd bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at $464,000. Gradient Investments LLC raised its holdings in shares of Coca Cola Femsa by 51.5% during the 4th quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock valued at $1,906,000 after purchasing an additional 6,843 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at $706,000. Finally, ABC Arbitrage SA raised its holdings in shares of Coca Cola Femsa by 112.3% during the 4th quarter. ABC Arbitrage SA now owns 10,386 shares of the company’s stock valued at $984,000 after purchasing an additional 5,493 shares in the last quarter.

Coca Cola Femsa Stock Down 0.0%

KOF stock opened at $104.31 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. 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. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $101.31. The stock has a market capitalization of $175.31 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. As a group, equities research analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were given a $1.0873 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 annualized dividend and a yield of 4.2%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

KOF has been the topic of a number of recent research reports. The Goldman Sachs Group raised 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. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.00.

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.