Janney Montgomery Scott LLC Has $996,000 Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Janney Montgomery Scott LLC grew its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,227 shares of the company’s stock after acquiring an additional 1,058 shares during the period. Janney Montgomery Scott LLC’s holdings in Coca-Cola FEMSA were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Americana Partners LLC grew its holdings in Coca-Cola FEMSA by 5.4% during the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after acquiring an additional 213 shares during the period. Hartford Financial Management Inc. grew its holdings in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the period. Legacy Capital Group California Inc. acquired a new stake in Coca-Cola FEMSA during the 3rd quarter worth about $289,000. Leo Wealth LLC grew its holdings in Coca-Cola FEMSA by 17.5% during the 3rd quarter. Leo Wealth LLC now owns 13,236 shares of the company’s stock worth $1,174,000 after acquiring an additional 1,976 shares during the period. Finally, Castleview Partners LLC grew its stake in shares of Coca-Cola FEMSA by 186.0% in the 3rd quarter. Castleview Partners LLC now owns 3,114 shares of the company’s stock valued at $276,000 after buying an additional 2,025 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays decreased their target price 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. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Seven 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, the stock presently has an average rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF opened at $77.56 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38. The stock’s 50 day moving average price is $85.98 and its 200-day moving average price is $88.30. 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 Cuts Dividend

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

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.