Cullen Capital Management LLC Decreases Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Cullen Capital Management LLC lessened its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 423,641 shares of the company’s stock after selling 34,614 shares during the period. Cullen Capital Management LLC’s holdings in Coca Cola Femsa were worth $40,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the period. Huntington National Bank purchased a new position in Coca Cola Femsa in the 3rd quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its position in shares of Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Coca Cola Femsa during the 3rd quarter worth $49,000. Finally, Global Retirement Partners LLC lifted its position in shares of Coca Cola Femsa by 138.9% during the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $49,000 after purchasing an additional 300 shares during the last quarter.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $109.06 on Friday. The stock has a market cap of $183.30 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.29 and a beta of 0.53. The company has a fifty day simple moving average of $104.56 and a 200-day simple moving average of $101.49. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were paid a dividend of $1.0873 per share. The ex-dividend date was Monday, April 20th. This represents a $4.35 annualized dividend and a yield of 4.0%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KOF. 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. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Barclays lifted their price objective on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.00.

About Coca Cola Femsa

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.