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

Pacer Advisors Inc. reduced its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,490 shares of the company’s stock after selling 1,368 shares during the period. Pacer Advisors Inc.’s holdings in Coca-Cola FEMSA were worth $817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its stake in Coca-Cola FEMSA by 13.7% during the second 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. Cetera Investment Advisers lifted its position in shares of Coca-Cola FEMSA by 5.7% during the 2nd quarter. Cetera Investment Advisers now owns 11,599 shares of the company’s stock valued at $996,000 after acquiring an additional 629 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth $1,317,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Coca-Cola FEMSA in the 2nd quarter worth $1,528,000. Finally, GAMMA Investing LLC raised its position 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 purchasing an additional 196 shares during the period.

Coca-Cola FEMSA Trading Down 1.3 %

NYSE KOF opened at $77.45 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. 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 firm’s fifty day simple moving average is $78.51 and its 200-day simple moving average is $83.42. The company has a market capitalization of $130.16 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KOF shares. Citigroup raised 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 note on Tuesday, October 29th. Barclays cut 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 research note on Wednesday, October 30th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $104.75.

About Coca-Cola FEMSA

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.