Fort Washington Investment Advisors Inc. OH Sells 8,822 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Fort Washington Investment Advisors Inc. OH lowered its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 513,570 shares of the company’s stock after selling 8,822 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Coca-Cola FEMSA were worth $40,002,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC increased its stake in shares of Coca-Cola FEMSA by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after buying an additional 233 shares during the period. Kathmere Capital Management LLC grew its holdings in Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after acquiring an additional 206 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA during the third quarter valued at about $71,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Coca-Cola FEMSA by 8.8% during the third quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,344 shares during the period.

Coca-Cola FEMSA Stock Down 0.9 %

KOF stock opened at $75.52 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $73.90 and a fifty-two week high of $104.38. The company has a market capitalization of $126.92 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83. The business’s 50 day moving average price is $78.66 and its two-hundred day moving average price is $83.97. 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 declared a semi-annual dividend, which was paid on Thursday, December 19th. Investors 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 yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.71%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KOF. 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 report on Wednesday, October 30th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.