Advisors Asset Management Inc. trimmed its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 21.7% in the first quarter, Holdings Channel.com reports. The fund owned 17,694 shares of the company’s stock after selling 4,903 shares during the period. Advisors Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $1,720,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of KOF. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Coca-Cola FEMSA by 4.4% in the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock valued at $355,000 after purchasing an additional 153 shares during the last quarter. Chase Investment Counsel Corp grew its holdings in Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after purchasing an additional 154 shares during the last quarter. Claro Advisors LLC increased its position in shares of Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after buying an additional 172 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after buying an additional 187 shares during the last quarter.
Coca-Cola FEMSA Price Performance
Shares of KOF stock opened at $87.75 on Friday. The firm’s 50-day simple moving average is $88.08 and its 200-day simple moving average is $93.55. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $69.33 and a 1-year high of $104.38.
Coca-Cola FEMSA Cuts Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a $0.8325 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 13.20%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. upped their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. UBS Group dropped their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays reduced their price objective on Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.55.
Get Our Latest Analysis on KOF
Coca-Cola FEMSA Profile
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.
Featured Articles
- Five stocks we like better than Coca-Cola FEMSA
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Why Call Options Volume for These 2 Stocks Spiked Together
- What is a Dividend King?
- MarketBeat Week in Review – 7/22 – 7/26
- What is a Bond Market Holiday? How to Invest and Trade
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report).
Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.