StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.
A number of other analysts have also issued reports on the stock. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. UBS Group reduced their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays dropped their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Buy” and an average price target of $103.91.
Check Out Our Latest Research Report on KOF
Coca-Cola FEMSA Price Performance
Coca-Cola FEMSA Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were paid a $0.7811 dividend. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.55%.
Institutional Trading of Coca-Cola FEMSA
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new position in Coca-Cola FEMSA during the 2nd quarter worth $32,000. Blue Trust Inc. increased its position in Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares in the last quarter. Hartford Financial Management Inc. grew its stake in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after acquiring an additional 196 shares in the last quarter.
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.
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