Atria Investments Inc Reduces Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Atria Investments Inc lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 47.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,216 shares of the company’s stock after selling 4,728 shares during the period. Atria Investments Inc’s holdings in Coca-Cola FEMSA were worth $463,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. raised its position in Coca-Cola FEMSA by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after purchasing an additional 17,208 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after purchasing an additional 62,282 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after purchasing an additional 5,166 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Coca-Cola FEMSA by 7.7% in the 2nd quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock valued at $14,359,000 after buying an additional 11,920 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after buying an additional 4,742 shares during the period.

Coca-Cola FEMSA Stock Performance

KOF opened at $77.99 on Thursday. The firm has a market cap of $131.08 billion, a PE ratio of 13.24, a P/E/G ratio of 0.70 and a beta of 0.87. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $85.59 and a 200-day simple moving average of $87.80. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $77.02 and a fifty-two week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were given a dividend of $0.7811 per share. The ex-dividend date was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s payout ratio is 11.54%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KOF. Barclays dropped their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note 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 stock. According to MarketBeat.com, Coca-Cola FEMSA has an average rating of “Buy” and a consensus price target of $103.91.

Coca-Cola FEMSA 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.