Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lowered its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 13.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 458,255 shares of the company’s stock after selling 72,800 shares during the period. Cullen Capital Management LLC’s holdings in Coca Cola Femsa were worth $38,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Coca Cola Femsa by 9.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,009 shares of the company’s stock worth $169,000 after acquiring an additional 168 shares during the period. Seafarer Capital Partners LLC raised its stake in shares of Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after purchasing an additional 7,000 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Coca Cola Femsa by 2.2% during the third quarter. TD Waterhouse Canada Inc. now owns 11,718 shares of the company’s stock worth $963,000 after purchasing an additional 255 shares during the period. Federated Hermes Inc. grew its position in Coca Cola Femsa by 23.0% in the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after buying an additional 35,477 shares during the last quarter. Finally, Oxbow Advisors LLC acquired a new position in Coca Cola Femsa in the 3rd quarter valued at $2,826,000.

Analysts Set New Price Targets

Several analysts have recently commented on KOF shares. Barclays restated an “equal weight” rating and issued a $98.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Wednesday, January 28th. Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Coca Cola Femsa Stock Down 2.0%

NYSE KOF opened at $105.73 on Thursday. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $77.14 and a 1-year high of $109.45. The business has a 50 day moving average price of $96.81 and a 200 day moving average price of $89.26. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Coca Cola Femsa Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.8%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Coca Cola Femsa 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.