Kestra Private Wealth Services LLC Raises Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Kestra Private Wealth Services LLC raised its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 15.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,517 shares of the company’s stock after acquiring an additional 1,170 shares during the period. Kestra Private Wealth Services LLC’s holdings in Coca-Cola FEMSA were worth $663,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth about $31,000. Hartford Financial Management Inc. lifted its holdings in Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares during the period. GAMMA Investing LLC boosted its position in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at approximately $71,000. Finally, CWM LLC lifted its stake in shares of Coca-Cola FEMSA by 37.3% in the 3rd quarter. CWM LLC now owns 1,171 shares of the company’s stock valued at $104,000 after purchasing an additional 318 shares during the period.

Coca-Cola FEMSA Stock Down 0.2 %

KOF opened at $84.20 on Friday. The company has a market cap of $141.50 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $104.38. The company has a 50-day moving average price of $78.39 and a 200 day moving average price of $83.01. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a $0.7433 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 11.71%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays cut their price target on 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. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $104.75.

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.