Ashton Thomas Private Wealth LLC purchased a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 371 shares of the company’s stock, valued at approximately $32,000.
A number of other institutional investors also recently modified their holdings of KOF. Park Avenue Securities LLC increased its holdings in Coca-Cola FEMSA by 4.4% in the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in Coca-Cola FEMSA by 3.6% in the 1st quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares in the last quarter. Claro Advisors LLC increased its holdings in Coca-Cola FEMSA by 5.7% in the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after purchasing an additional 172 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Coca-Cola FEMSA by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after purchasing an additional 187 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Coca-Cola FEMSA by 6.1% in the 1st quarter. Atomi Financial Group Inc. now owns 4,226 shares of the company’s stock worth $411,000 after purchasing an additional 242 shares in the last quarter.
Coca-Cola FEMSA Stock Up 2.2 %
Shares of NYSE:KOF opened at $89.31 on Tuesday. The business’s 50 day simple moving average is $87.15 and its two-hundred day simple moving average is $91.38. The firm has a market cap of $150.10 billion, a P/E ratio of 15.72, a PEG ratio of 0.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38.
Coca-Cola FEMSA Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is 13.20%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on KOF shares. Barclays increased their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group cut their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus target price of $101.91.
Get Our Latest Report on Coca-Cola FEMSA
Coca-Cola FEMSA Company 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.
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