2,756 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,756 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of KOF. Creative Planning lifted its position in shares of Coca-Cola FEMSA by 13.7% during the 2nd quarter. Creative Planning now owns 9,842 shares of the company’s stock worth $845,000 after buying an additional 1,184 shares during the period. Cetera Investment Advisers raised its position in Coca-Cola FEMSA by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 11,599 shares of the company’s stock valued at $996,000 after purchasing an additional 629 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Coca-Cola FEMSA in the 2nd quarter valued at $1,317,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coca-Cola FEMSA in the 2nd quarter valued at $1,528,000. Finally, GAMMA Investing LLC raised its position in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays cut 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. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Stock Down 1.3 %

NYSE KOF opened at $77.45 on Tuesday. The stock has a fifty day moving average of $78.51 and a 200-day moving average of $83.42. The stock has a market capitalization of $130.16 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $104.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid 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 (DPR) is currently 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.