Sanctuary Advisors LLC Grows Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Sanctuary Advisors LLC increased its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,685 shares of the company’s stock after acquiring an additional 1,344 shares during the period. Sanctuary Advisors LLC’s holdings in Coca-Cola FEMSA were worth $1,480,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. raised its holdings in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after purchasing an additional 62,282 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth about $31,000. Marshall Wace LLP acquired a new stake in Coca-Cola FEMSA during the 2nd quarter worth approximately $7,708,000. Canada Pension Plan Investment Board purchased a new position in Coca-Cola FEMSA in the second quarter valued at approximately $2,515,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Coca-Cola FEMSA by 73.9% during 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 buying an additional 110,926 shares in the last quarter.

Coca-Cola FEMSA Price Performance

KOF opened at $79.63 on Friday. 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 firm has a market cap of $133.83 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.71 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $81.96 and a 200 day simple moving average of $85.41.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a dividend of $0.7433 per share. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is presently 11.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Barclays cut their price objective on 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. Finally, Citigroup raised 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 research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $104.75.

About Coca-Cola FEMSA

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.