Barclays PLC Has $57,000 Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

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

Several other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Coca-Cola FEMSA in the third quarter valued at about $31,000. Hartford Financial Management Inc. increased its holdings 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after acquiring an additional 196 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Coca-Cola FEMSA in the 3rd quarter worth approximately $85,000. Finally, CWM LLC grew its position in Coca-Cola FEMSA by 37.3% during the 3rd quarter. CWM LLC now owns 1,171 shares of the company’s stock worth $104,000 after acquiring an additional 318 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KOF shares. 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 shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six investment 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 price target of $104.75.

Coca-Cola FEMSA Trading Up 1.9 %

Shares of Coca-Cola FEMSA stock opened at $76.44 on Friday. The firm has a market cap of $128.46 billion, a PE ratio of 12.98, a P/E/G ratio of 0.55 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $104.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a fifty day moving average price of $78.53 and a 200-day moving average price of $83.80.

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 paid a dividend of $0.7433 per share. The ex-dividend date was Friday, December 6th. This represents a dividend 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.