Atomi Financial Group Inc. Reduces Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Atomi Financial Group Inc. lowered its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,605 shares of the company’s stock after selling 472 shares during the quarter. Atomi Financial Group Inc.’s holdings in Coca-Cola FEMSA were worth $281,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Coca-Cola FEMSA by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after buying an additional 4,742 shares in the last quarter. Marshall Wace LLP bought a new position in Coca-Cola FEMSA during the second quarter valued at approximately $7,708,000. Kathmere Capital Management LLC boosted its holdings in Coca-Cola FEMSA by 5.3% in the second quarter. Kathmere Capital Management LLC now owns 5,137 shares of the company’s stock worth $441,000 after purchasing an additional 258 shares during the last quarter. Creative Planning increased its position in shares of Coca-Cola FEMSA by 13.7% during the 2nd quarter. Creative Planning now owns 9,842 shares of the company’s stock valued at $845,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Chase Investment Counsel Corp increased its stake in shares of Coca-Cola FEMSA by 4.4% in the 2nd quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock worth $394,000 after purchasing an additional 192 shares in the last quarter.

Wall Street Analyst Weigh In

KOF has been the subject of a number of analyst reports. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

Shares of KOF stock opened at $76.44 on Monday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $104.38. The firm has a market capitalization of $128.46 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.55 and a beta of 0.83. The stock has a 50 day moving average price of $78.53 and a 200 day moving average price of $83.79. 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 issued a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.71%.

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.