Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Barclays PLC

Barclays PLC decreased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 61.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 646 shares of the company’s stock after selling 1,014 shares during the period. Barclays PLC’s holdings in Coca-Cola FEMSA were worth $57,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Coca-Cola FEMSA in the second quarter valued at about $32,000. Hartford Financial Management Inc. boosted its stake in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after buying an additional 140 shares during the period. GAMMA Investing LLC grew its holdings in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Coca-Cola FEMSA in the 3rd quarter valued at about $85,000.

Wall Street Analyst Weigh In

KOF has been the subject of a number of recent research reports. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. 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, Barclays dropped their price objective 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $104.75.

Coca-Cola FEMSA Stock Down 0.4 %

Coca-Cola FEMSA stock opened at $76.10 on Friday. The stock’s 50 day moving average price is $79.57 and its 200 day moving average price is $84.40. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $75.06 and a 1-year high of $104.38. The company has a market cap of $127.90 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

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. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio is currently 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.