Thrivent Financial for Lutherans Has $4.77 Million Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Thrivent Financial for Lutherans lifted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 25.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,752 shares of the company’s stock after acquiring an additional 11,036 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Coca-Cola FEMSA were worth $4,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KOF. D Orazio & Associates Inc. boosted its position in Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after acquiring an additional 138 shares during the period. Hartford Financial Management Inc. lifted its position in shares of Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares in the last quarter. Chase Investment Counsel Corp boosted its holdings in shares of Coca-Cola FEMSA by 4.4% during the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock worth $415,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC grew its position in 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 purchasing an additional 196 shares in the last quarter. Finally, Americana Partners LLC increased its stake in 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 buying an additional 213 shares during the period.

Coca-Cola FEMSA Price Performance

Coca-Cola FEMSA stock opened at $79.06 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $77.02 and a one year high of $104.38. The company’s fifty day moving average price is $85.28 and its two-hundred day moving average price is $87.53. 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 disclosed a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were issued a dividend of $0.7811 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is 11.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KOF. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays reduced their price objective 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. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup upgraded 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. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.