Americana Partners LLC Raises Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Americana Partners LLC increased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 23.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,131 shares of the company’s stock after purchasing an additional 981 shares during the period. Americana Partners LLC’s holdings in Coca-Cola FEMSA were worth $400,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KOF. Kestra Private Wealth Services LLC boosted its holdings in Coca-Cola FEMSA by 15.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,517 shares of the company’s stock valued at $663,000 after acquiring an additional 1,170 shares in the last quarter. WCM Investment Management LLC boosted its holdings 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 acquiring an additional 22,577 shares in the last quarter. Leo Wealth LLC boosted its holdings in Coca-Cola FEMSA by 3.0% in the fourth quarter. Leo Wealth LLC now owns 13,630 shares of the company’s stock valued at $1,062,000 after acquiring an additional 394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock valued at $386,000 after acquiring an additional 4,214 shares in the last quarter. Finally, Journey Strategic Wealth LLC bought a new stake in Coca-Cola FEMSA in the fourth quarter valued at $215,000.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $85.22 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $104.38. The stock has a market cap of $143.23 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. 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’s fifty day moving average price is $78.50 and its 200-day moving average price is $82.87.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays cut their price target 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. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.