QRG Capital Management Inc. Grows Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

QRG Capital Management Inc. grew its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,363 shares of the company’s stock after acquiring an additional 467 shares during the period. QRG Capital Management Inc.’s holdings in Coca-Cola FEMSA were worth $565,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Coca-Cola FEMSA by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after acquiring an additional 17,208 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Coca-Cola FEMSA by 10.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,227 shares of the company’s stock valued at $996,000 after acquiring an additional 1,058 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of Coca-Cola FEMSA by 5.4% in the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock valued at $368,000 after acquiring an additional 213 shares during the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares during the last quarter. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at $289,000.

Coca-Cola FEMSA Stock Down 0.9 %

NYSE:KOF opened at $82.39 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The company has a fifty day moving average of $86.65 and a two-hundred day moving average of $88.91. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $78.35 and a fifty-two week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is presently 11.55%.

Analyst Upgrades and Downgrades

Several research firms 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 research note on Tuesday, September 3rd. Citigroup upgraded 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. Barclays decreased 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 research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $103.91.

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.