Lazard Asset Management LLC Reduces Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Lazard Asset Management LLC cut its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,473 shares of the company’s stock after selling 8,276 shares during the period. Lazard Asset Management LLC’s holdings in Coca Cola Femsa were worth $4,533,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ABC Arbitrage SA raised its position in shares of Coca Cola Femsa by 108.1% during the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after acquiring an additional 11,225 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in Coca Cola Femsa by 32.7% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock worth $3,969,000 after purchasing an additional 10,319 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Coca Cola Femsa by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock valued at $17,948,000 after purchasing an additional 7,549 shares in the last quarter. X Square Capital LLC acquired a new position in Coca Cola Femsa in the fourth quarter valued at approximately $1,346,000. Finally, Opal Capital LLC purchased a new position in Coca Cola Femsa in the fourth quarter valued at approximately $2,677,000.

Analyst Upgrades and Downgrades

KOF has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday. HSBC restated a “hold” rating and issued 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. JPMorgan Chase & Co. lifted their price target 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. Finally, UBS Group reduced their price target on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.33.

Coca Cola Femsa Trading Down 0.7%

NYSE:KOF opened at $108.37 on Friday. The stock’s 50 day moving average price is $106.25 and its 200 day moving average price is $104.75. The company has a market capitalization of $182.13 billion, a PE ratio of 17.09, a P/E/G ratio of 1.33 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. 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 released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The company had revenue of $4.36 billion for the quarter. On average, research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s payout ratio is 61.99%.

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.