Janney Montgomery Scott LLC Boosts Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Janney Montgomery Scott LLC boosted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,227 shares of the company’s stock after purchasing an additional 1,058 shares during the period. Janney Montgomery Scott LLC’s holdings in Coca-Cola FEMSA were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in shares of Coca-Cola FEMSA by 3.8% during the first quarter. Avantax Advisory Services Inc. now owns 11,393 shares of the company’s stock worth $1,107,000 after acquiring an additional 418 shares in the last quarter. Blair William & Co. IL bought a new position in Coca-Cola FEMSA in the first quarter valued at $215,000. O Shaughnessy Asset Management LLC increased its stake in Coca-Cola FEMSA by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,410 shares of the company’s stock valued at $10,732,000 after acquiring an additional 2,233 shares during the last quarter. MQS Management LLC bought a new position in Coca-Cola FEMSA in the first quarter valued at $232,000. Finally, Freestone Capital Holdings LLC increased its stake in Coca-Cola FEMSA by 53.7% in the first quarter. Freestone Capital Holdings LLC now owns 19,100 shares of the company’s stock valued at $1,857,000 after acquiring an additional 6,677 shares during the last quarter.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $77.56 on Friday. The company has a 50-day simple moving average of $85.98 and a two-hundred day simple moving average of $88.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. 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 company also recently announced 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. The ex-dividend date of this dividend was Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is currently 11.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KOF shares. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. 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 research note on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.