Cullen Capital Management LLC Has $37.01 Million Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Cullen Capital Management LLC cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 475,123 shares of the company’s stock after selling 49,999 shares during the quarter. Cullen Capital Management LLC’s holdings in Coca-Cola FEMSA were worth $37,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola FEMSA during the 4th quarter worth $29,000. Steward Partners Investment Advisory LLC lifted its position in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth $70,000. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA in the third quarter worth $71,000. Finally, Jones Financial Companies Lllp raised its stake in Coca-Cola FEMSA by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock valued at $123,000 after purchasing an additional 835 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KOF shares. StockNews.com downgraded shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $93.01 on Friday. The stock has a market cap of $156.32 billion, a PE ratio of 15.79, a P/E/G ratio of 0.62 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $102.28. The business’s 50-day moving average price is $86.00 and its two-hundred day moving average price is $83.40.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.49 billion. As a group, analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

About Coca-Cola FEMSA

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.