44,095 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP purchased a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 44,095 shares of the company’s stock, valued at approximately $3,912,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Coca-Cola FEMSA by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after acquiring an additional 17,208 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Coca-Cola FEMSA by 13.9% in the second 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after purchasing an additional 110,926 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Coca-Cola FEMSA by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after purchasing an additional 9,911 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Coca-Cola FEMSA by 2.4% during 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 in the last quarter.

Coca-Cola FEMSA Stock Up 1.5 %

NYSE:KOF opened at $79.06 on Monday. The firm’s fifty day moving average price is $85.28 and its two-hundred day moving average price is $87.44. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $77.02 and a one year high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were paid a $0.7811 dividend. The ex-dividend date was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 11.55%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KOF. 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. Citigroup raised shares of 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. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays cut 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. Seven research 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.com, Coca-Cola FEMSA presently has an average rating of “Buy” and a consensus 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.