Park Avenue Securities LLC Raises Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Park Avenue Securities LLC increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,493 shares of the company’s stock after purchasing an additional 233 shares during the period. Park Avenue Securities LLC’s holdings in Coca-Cola FEMSA were worth $272,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC grew its stake in shares of Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares during the period. JPMorgan Chase & Co. boosted its holdings in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after buying an additional 378,325 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola FEMSA during the third quarter worth about $71,000. Sanctuary Advisors LLC increased its holdings in Coca-Cola FEMSA by 8.8% in the third quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock valued at $1,480,000 after buying an additional 1,344 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Coca-Cola FEMSA by 46.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,102 shares of the company’s stock valued at $275,000 after acquiring an additional 978 shares during the period.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $76.44 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $104.38. The company has a market capitalization of $128.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.55 and a beta of 0.83. The stock has a fifty day moving average of $78.53 and a two-hundred day moving average of $83.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.7433 per share. This represents a yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio is presently 11.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. 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. Finally, 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA presently has an average rating of “Buy” and an average target price 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.