HighTower Advisors LLC Purchases 1,464 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

HighTower Advisors LLC lifted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 43.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,844 shares of the company’s stock after purchasing an additional 1,464 shares during the quarter. HighTower Advisors LLC’s holdings in Coca-Cola FEMSA were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Coca-Cola FEMSA during the second quarter worth approximately $168,000. Blue Trust Inc. lifted its holdings in shares of Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after buying an additional 397 shares in the last quarter. Raymond James & Associates grew its stake in shares of Coca-Cola FEMSA by 6.2% in the second quarter. Raymond James & Associates now owns 17,171 shares of the company’s stock valued at $1,474,000 after acquiring an additional 1,000 shares in the last quarter. Fifth Third Bancorp increased its position in Coca-Cola FEMSA by 5,596.3% during the second quarter. Fifth Third Bancorp now owns 1,538 shares of the company’s stock worth $132,000 after acquiring an additional 1,511 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Coca-Cola FEMSA by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock worth $1,413,000 after purchasing an additional 476 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays reduced their target price on 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 boosted their target price for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Trading Up 1.2 %

NYSE:KOF opened at $79.63 on Friday. The stock has a market capitalization of $133.83 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.71 and a beta of 0.84. The firm has a fifty day simple moving average of $81.81 and a two-hundred day simple moving average of $85.35. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $77.02 and a 12 month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Coca-Cola FEMSA 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.