Kestra Private Wealth Services LLC Boosts Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Kestra Private Wealth Services LLC grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,517 shares of the company’s stock after acquiring an additional 1,170 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Coca-Cola FEMSA were worth $663,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC grew its stake in Coca-Cola FEMSA by 161.6% in the fourth quarter. WCM Investment Management LLC now owns 36,551 shares of the company’s stock valued at $2,842,000 after purchasing an additional 22,577 shares during the last quarter. Leo Wealth LLC grew its position in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Leo Wealth LLC now owns 13,630 shares of the company’s stock worth $1,062,000 after buying an additional 394 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after acquiring an additional 4,214 shares in the last quarter. Journey Strategic Wealth LLC purchased a new stake in Coca-Cola FEMSA during the fourth quarter valued at approximately $215,000. Finally, Caprock Group LLC purchased a new stake in Coca-Cola FEMSA during the fourth quarter valued at approximately $855,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays reduced their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $84.20 on Friday. The stock’s fifty day moving average price is $78.39 and its 200 day moving average price is $83.01. 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 company has a market cap of $141.50 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.57 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

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

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.