UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $319,000 Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.3% in the third quarter, Holdings Channel.com reports. The fund owned 3,600 shares of the company’s stock after selling 200 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Coca-Cola FEMSA were worth $319,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KOF. Robeco Institutional Asset Management B.V. raised its stake 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 in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Coca-Cola FEMSA by 13.9% during the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after purchasing an additional 62,282 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after purchasing an additional 110,926 shares during the period. Natixis Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 4.4% in the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after buying an additional 9,911 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after buying an additional 5,166 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KOF shares. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Barclays lowered their price objective on shares of 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. Finally, 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. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Trading Up 1.2 %

Coca-Cola FEMSA stock opened at $79.63 on Friday. 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. The stock has a market cap of $133.83 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. The business has a 50 day moving average price of $81.81 and a two-hundred day moving average price of $85.35. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

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

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.