Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 18.3% during the third quarter, Holdings Channel.com reports. The firm owned 5,055 shares of the company’s stock after purchasing an additional 783 shares during the quarter. M&T Bank Corp’s holdings in Coca-Cola FEMSA were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KOF. Public Employees Retirement System of Ohio acquired a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at approximately $2,096,000. XTX Topco Ltd purchased a new position in Coca-Cola FEMSA in the third quarter worth $361,000. National Bank of Canada FI lifted its holdings in Coca-Cola FEMSA by 54,847.8% in the third quarter. National Bank of Canada FI now owns 25,276 shares of the company’s stock valued at $2,242,000 after acquiring an additional 25,230 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Coca-Cola FEMSA by 44.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,311 shares of the company’s stock worth $825,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Wexford Capital LP boosted its position in shares of Coca-Cola FEMSA by 13.8% during the 3rd quarter. Wexford Capital LP now owns 122,930 shares of the company’s stock worth $10,906,000 after purchasing an additional 14,938 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $81.68 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $137.28 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. The firm has a 50-day moving average price of $82.30 and a two-hundred day moving average price of $85.51. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.7433 per share. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KOF. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Barclays dropped their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.