Cullen Capital Management LLC Decreases Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Cullen Capital Management LLC trimmed its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,123 shares of the company's stock after selling 49,999 shares during the period. 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 institutional investors and hedge funds have also recently modified their holdings of the stock. TD Private Client Wealth LLC grew its position in Coca-Cola FEMSA by 5.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock worth $254,000 after acquiring an additional 155 shares during the last quarter. Kathmere Capital Management LLC increased its stake in shares of Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock worth $545,000 after buying an additional 206 shares during the period. Avantax Advisory Services Inc. boosted its position in Coca-Cola FEMSA by 1.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after buying an additional 212 shares during the period. Park Avenue Securities LLC grew its holdings in Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after acquiring an additional 233 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at about $29,000.

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Coca-Cola FEMSA Stock Down 1.5 %

KOF traded down $1.40 on Thursday, hitting $93.58. The company had a trading volume of 100,708 shares, compared to its average volume of 175,572. The stock has a fifty day simple moving average of $87.32 and a 200-day simple moving average of $83.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $157.28 billion, a P/E ratio of 15.89, a P/E/G ratio of 0.62 and a beta of 0.58. 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 - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, equities analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KOF. Barclays increased their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. StockNews.com lowered Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $104.00.

Coca-Cola FEMSA Profile

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.