Malaga Cove Capital LLC Purchases 2,021 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Malaga Cove Capital LLC boosted its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 58.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,463 shares of the company’s stock after purchasing an additional 2,021 shares during the quarter. Malaga Cove Capital LLC’s holdings in Coca-Cola FEMSA were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. lifted its holdings in Coca-Cola FEMSA by 1.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after buying an additional 17,208 shares during the period. Itau Unibanco Holding S.A. lifted its stake in shares of Coca-Cola FEMSA by 13.9% in the 2nd 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 period. Envestnet Asset Management Inc. boosted its position in shares of Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after purchasing an additional 5,166 shares during the last quarter. Sei Investments Co. grew its stake in shares of Coca-Cola FEMSA by 7.7% during the second quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock worth $14,359,000 after purchasing an additional 11,920 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Coca-Cola FEMSA by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after purchasing an additional 4,742 shares during the last quarter.

Coca-Cola FEMSA Stock Up 1.1 %

Shares of NYSE:KOF opened at $82.22 on Thursday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $78.35 and a 12 month high of $104.38. The company’s fifty day simple moving average is $86.73 and its 200 day simple moving average is $89.07. 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 Cuts Dividend

The company 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. 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 (DPR) is 11.55%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Barclays lowered their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. UBS Group reduced their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $103.91.

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.