HighTower Advisors LLC Purchases 1,464 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

HighTower Advisors LLC increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 43.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,844 shares of the company’s stock after purchasing an additional 1,464 shares during the period. HighTower Advisors LLC’s holdings in Coca-Cola FEMSA were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KOF. Robeco Institutional Asset Management B.V. increased its position in shares of Coca-Cola FEMSA by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock worth $94,797,000 after purchasing an additional 17,208 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Coca-Cola FEMSA by 13.9% during the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after buying an additional 62,282 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after buying an additional 110,926 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Coca-Cola FEMSA by 4.4% in the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock valued at $21,040,000 after acquiring an additional 9,911 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 worth $19,030,000 after acquiring an additional 5,166 shares in the last quarter.

Analyst Upgrades and Downgrades

KOF has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays decreased their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. 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. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the company 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $79.63 on Friday. 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, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38. The business’s fifty day moving average is $81.81 and its 200-day moving average is $85.35. The company has a market cap of $133.83 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued 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 currently 11.71%.

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.