Kathmere Capital Management LLC Raises Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Kathmere Capital Management LLC grew its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,003 shares of the company’s stock after acquiring an additional 206 shares during the period. Kathmere Capital Management LLC’s holdings in Coca-Cola FEMSA were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KOF. JPMorgan Chase & Co. lifted its holdings in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after buying an additional 304,197 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after acquiring an additional 110,926 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Coca-Cola FEMSA during the second quarter worth $7,708,000. Finally, Mirabella Financial Services LLP purchased a new position in Coca-Cola FEMSA during the third quarter valued at $3,912,000.

Coca-Cola FEMSA Trading Down 0.5 %

Shares of KOF stock opened at $76.38 on Thursday. The company has a market cap of $128.37 billion, a PE ratio of 12.97, 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. The stock’s 50 day simple moving average is $79.25 and its two-hundred day simple moving average is $84.20. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $73.90 and a 1 year high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on KOF shares. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays cut their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com raised 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Buy” and an average price target 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.