WCM Investment Management LLC Increases Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

WCM Investment Management LLC raised its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 161.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,551 shares of the company’s stock after purchasing an additional 22,577 shares during the quarter. WCM Investment Management LLC’s holdings in Coca-Cola FEMSA were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth $31,000. Hartford Financial Management Inc. raised its position in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola FEMSA in the 3rd quarter worth about $71,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at about $85,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KOF shares. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price 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 report on Tuesday, November 5th. Finally, 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $78.76 on Tuesday. 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, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $104.38. The company has a market capitalization of $132.37 billion, a P/E ratio of 13.37, a PEG ratio of 0.57 and a beta of 0.83. The stock has a 50 day moving average price of $78.35 and a two-hundred day moving average price of $83.08.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were given 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 currently 11.71%.

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.