Gradient Investments LLC Purchases Shares of 6,346 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Gradient Investments LLC acquired a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,346 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $31,000. Hartford Financial Management Inc. raised 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 lifted its stake in Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola FEMSA during the 3rd quarter worth approximately $71,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at approximately $85,000.

Coca-Cola FEMSA Trading Up 1.9 %

KOF opened at $76.44 on Friday. 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, S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $104.38. The business’s 50 day moving average is $78.53 and its two-hundred day moving average is $83.80. The firm has a market cap of $128.46 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given 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 dividend payout ratio (DPR) is 11.71%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays lowered their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.