7,039 Shares in Coca Cola Femsa S.A.B. de C.V. (KOF) Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,039 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KOF. Morgan Stanley raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 48.6% in the 1st quarter. Morgan Stanley now owns 74,326 shares of the company’s stock worth $5,329,000 after buying an additional 24,307 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 312.8% in the 1st quarter. Bank of America Corp DE now owns 70,267 shares of the company’s stock worth $5,037,000 after buying an additional 53,245 shares in the last quarter. Aperio Group LLC raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 8.6% in the 2nd quarter. Aperio Group LLC now owns 58,855 shares of the company’s stock worth $4,983,000 after buying an additional 4,654 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the 2nd quarter worth $2,087,000. Finally, Acadian Asset Management LLC raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 984.2% in the 2nd quarter. Acadian Asset Management LLC now owns 89,878 shares of the company’s stock worth $7,612,000 after buying an additional 81,588 shares in the last quarter. 6.66% of the stock is currently owned by institutional investors.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) opened at $68.73 on Friday. The stock has a market capitalization of $14,247.04, a price-to-earnings ratio of 20.16, a PEG ratio of 1.00 and a beta of 0.91. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $59.44 and a 52-week high of $91.85.

The business also recently announced a semiannual dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be given a dividend of $0.8759 per share. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 3rd. Coca Cola Femsa S.A.B. de C.V.’s dividend payout ratio (DPR) is presently 51.32%.

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A number of analysts have recently commented on KOF shares. Zacks Investment Research downgraded Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. BidaskClub downgraded Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, UBS AG raised Coca Cola Femsa S.A.B. de C.V. from an “underperform” rating to a “market perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Coca Cola Femsa S.A.B. de C.V. has a consensus rating of “Hold” and a consensus price target of $85.50.

Coca Cola Femsa S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

Institutional Ownership by Quarter for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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