Advisors Asset Management Inc. Raises Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Advisors Asset Management Inc. boosted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFGet Rating) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,777 shares of the company’s stock after purchasing an additional 4,007 shares during the quarter. Advisors Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Prospera Financial Services Inc increased its holdings in shares of Coca-Cola FEMSA by 10,758.0% in the second quarter. Prospera Financial Services Inc now owns 10,858 shares of the company’s stock worth $600,000 after purchasing an additional 10,758 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Coca-Cola FEMSA in the 2nd quarter worth about $306,000. Community Capital Management LLC purchased a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at about $425,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Coca-Cola FEMSA in the second quarter worth approximately $1,333,000. Finally, Envestnet Asset Management Inc. grew its stake in Coca-Cola FEMSA by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 105,232 shares of the company’s stock worth $5,817,000 after buying an additional 11,233 shares in the last quarter. 1.25% of the stock is owned by institutional investors.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $69.03 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.24. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $46.91 and a fifty-two week high of $69.79. The company has a market capitalization of $116.02 billion, a P/E ratio of 16.67, a PEG ratio of 1.66 and a beta of 0.78. The stock has a 50 day moving average price of $61.86 and a two-hundred day moving average price of $59.25.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 14th. Investors of record on Tuesday, November 1st were paid a $1.3398 dividend. The ex-dividend date was Monday, October 31st. This represents a dividend yield of 4.4%. Coca-Cola FEMSA’s payout ratio is presently 60.39%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KOF. Barclays increased their target price on Coca-Cola FEMSA from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. StockNews.com began coverage on Coca-Cola FEMSA in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Coca-Cola FEMSA Profile

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Coca-Cola FEMSA SAB de CV engages in the production and distribution of beverages. Its product line includes sparkling beverages, sports drinks, energy drinks, juices & nectars, dairy products, teas, fruit-based beverages, sparkling water, and purified water. The firm operates through the following segments: Mexico and Central America and South America.

See Also

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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