Natixis Advisors LLC Buys 9,911 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Natixis Advisors LLC boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 237,148 shares of the company’s stock after purchasing an additional 9,911 shares during the period. Natixis Advisors LLC’s holdings in Coca-Cola FEMSA were worth $21,040,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Coca-Cola FEMSA during the 2nd quarter valued at about $32,000. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. raised its holdings in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after buying an additional 397 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of KOF opened at $77.85 on Tuesday. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $77.02 and a one year high of $104.38. The business has a fifty day moving average of $85.83 and a 200 day moving average of $88.01. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, October 14th. Coca-Cola FEMSA’s payout ratio is currently 11.55%.

Analysts Set New Price Targets

KOF has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Barclays dropped their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Company Profile

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.