US Bancorp DE Lowers Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

US Bancorp DE cut its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 27.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,196 shares of the company’s stock after selling 1,202 shares during the quarter. US Bancorp DE’s holdings in Coca-Cola FEMSA were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Capital Group California Inc. purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth approximately $289,000. Leo Wealth LLC raised its stake in shares of Coca-Cola FEMSA by 17.5% in the third quarter. Leo Wealth LLC now owns 13,236 shares of the company’s stock worth $1,174,000 after purchasing an additional 1,976 shares during the last quarter. Castleview Partners LLC raised its stake in shares of Coca-Cola FEMSA by 186.0% in the third quarter. Castleview Partners LLC now owns 3,114 shares of the company’s stock worth $276,000 after purchasing an additional 2,025 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth approximately $31,000. Finally, Veracity Capital LLC increased its position in shares of Coca-Cola FEMSA by 64.9% during the third quarter. Veracity Capital LLC now owns 9,308 shares of the company’s stock valued at $826,000 after acquiring an additional 3,663 shares during the last quarter.

Coca-Cola FEMSA Stock Down 2.8 %

Shares of NYSE KOF opened at $78.20 on Thursday. The stock has a fifty day simple moving average of $86.32 and a two-hundred day simple moving average of $88.53. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $78.11 and a 1-year high of $104.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays decreased their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Seven research 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, the stock presently has an average rating of “Buy” and a consensus price target of $103.91.

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.