Public Employees Retirement System of Ohio Invests $2.10 Million in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Public Employees Retirement System of Ohio acquired a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,626 shares of the company’s stock, valued at approximately $2,096,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA during the third quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Coca-Cola FEMSA during the 2nd quarter valued at approximately $32,000. Blue Trust Inc. increased its holdings in Coca-Cola FEMSA by 490.1% in the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after acquiring an additional 397 shares in the last quarter. Hartford Financial Management Inc. raised its stake in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Coca-Cola FEMSA by 56.2% during the third 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.

Coca-Cola FEMSA Trading Up 1.1 %

Shares of Coca-Cola FEMSA stock opened at $81.68 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market cap of $137.28 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.71 and a beta of 0.84. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38. The business has a 50-day moving average price of $82.30 and a 200-day moving average price of $85.51.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 6th. Coca-Cola FEMSA’s payout ratio is 11.38%.

Analyst Ratings Changes

Several analysts have recently commented on KOF shares. Barclays decreased 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 report on Wednesday, October 30th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. 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 raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $104.75.

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.