WCM Investment Management LLC Grows Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

WCM Investment Management LLC grew its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 161.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,551 shares of the company’s stock after acquiring an additional 22,577 shares during the quarter. WCM Investment Management LLC’s holdings in Coca-Cola FEMSA were worth $2,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KOF. Hartford Financial Management Inc. boosted its holdings in Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Coca-Cola FEMSA by 56.2% during 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 in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. Americana Partners LLC increased its position in shares of Coca-Cola FEMSA by 5.4% during the third quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock valued at $368,000 after buying an additional 213 shares during the period. Finally, D Orazio & Associates Inc. raised its stake in Coca-Cola FEMSA by 8.5% in the third quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company’s stock worth $258,000 after buying an additional 228 shares in the last quarter.

Analyst Ratings Changes

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

Coca-Cola FEMSA Stock Up 1.3 %

KOF stock opened at $78.76 on Tuesday. The business has a 50 day moving average of $78.35 and a 200 day moving average of $83.08. The firm has a market cap of $132.37 billion, a PE ratio of 13.37, 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 twelve month low of $72.68 and a twelve month high of $104.38. 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 business also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a $0.7433 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio is presently 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.