Commonwealth Equity Services LLC boosted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 56.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,346 shares of the company’s stock after acquiring an additional 2,294 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Coca-Cola FEMSA were worth $357,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Coca-Cola FEMSA by 17.1% during the 2nd quarter. BlackRock Inc. now owns 1,046,155 shares of the company’s stock worth $55,373,000 after purchasing an additional 152,392 shares during the last quarter. Macquarie Group Ltd. grew its stake in Coca-Cola FEMSA by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 986,863 shares of the company’s stock valued at $52,235,000 after buying an additional 3,533 shares in the last quarter. Armistice Capital LLC grew its stake in Coca-Cola FEMSA by 12.8% in the 2nd quarter. Armistice Capital LLC now owns 492,000 shares of the company’s stock valued at $26,041,000 after buying an additional 56,000 shares in the last quarter. Bank of America Corp DE grew its stake in Coca-Cola FEMSA by 9.3% in the 2nd quarter. Bank of America Corp DE now owns 424,916 shares of the company’s stock valued at $22,490,000 after buying an additional 36,199 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in Coca-Cola FEMSA by 1.4% in the 2nd quarter. Brandes Investment Partners LP now owns 412,004 shares of the company’s stock valued at $21,808,000 after buying an additional 5,814 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE KOF opened at $55.74 on Friday. The firm’s 50 day moving average price is $52.47 and its 200-day moving average price is $54.47. The company has a market cap of $93.68 billion, a PE ratio of 18.10, a P/E/G ratio of 1.25 and a beta of 0.90. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $41.53 and a 52-week high of $59.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.36 and a current ratio of 1.64.
The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 15th. Stockholders of record on Monday, November 1st were paid a $1.244 dividend. The ex-dividend date was Friday, October 29th. This represents a dividend yield of 4.5%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 78.57%.
KOF has been the subject of several analyst reports. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, December 20th. Zacks Investment Research raised shares of Coca-Cola FEMSA from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Buy” and a consensus price target of $61.50.
Coca-Cola FEMSA Profile
Coca-Cola FEMSA SAB de CV engages in the production and distribution of trademark beverages. It operates through the following divisions: Mexico and Central America and South America. The Mexico and Central America division comprises Mexico, Guatemala, Nicaragua, Costa Rica and Panama. The South America division consists of Brazil, Argentina, Colombia and Uruguay.
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