National Bank of Canada FI Grows Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

National Bank of Canada FI lifted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 54,847.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,276 shares of the company’s stock after purchasing an additional 25,230 shares during the period. National Bank of Canada FI’s holdings in Coca-Cola FEMSA were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KOF. Allspring Global Investments Holdings LLC bought a new position in Coca-Cola FEMSA in the third quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new position in Coca-Cola FEMSA in the 2nd quarter worth $32,000. Blue Trust Inc. lifted its position in Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after purchasing an additional 397 shares in the last quarter. Hartford Financial Management Inc. lifted its position in Coca-Cola FEMSA by 42.2% during the third 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. Finally, GAMMA Investing LLC grew its holdings in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KOF. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays reduced their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Trading Up 0.2 %

Coca-Cola FEMSA stock opened at $81.29 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $82.54 and its 200-day moving average price is $85.81. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $77.02 and a 1 year high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date is Friday, December 6th. Coca-Cola FEMSA’s payout ratio is currently 11.38%.

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.