Arkfeld Wealth Strategies L.L.C. Buys 20,133 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Arkfeld Wealth Strategies L.L.C. raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 192.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,569 shares of the company’s stock after purchasing an additional 20,133 shares during the period. Coca Cola Femsa accounts for approximately 0.9% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 23rd biggest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Coca Cola Femsa were worth $2,483,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners boosted its stake in Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after buying an additional 1,644,614 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after acquiring an additional 274,894 shares during the last quarter. Cullen Capital Management LLC boosted its position in shares of Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after acquiring an additional 12,312 shares during the last quarter. First Eagle Investment Management LLC increased its position in Coca Cola Femsa by 4.1% in the second quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock worth $35,944,000 after purchasing an additional 14,773 shares during the last quarter. Finally, Auto Owners Insurance Co raised its stake in Coca Cola Femsa by 5,257.1% during the second quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after purchasing an additional 294,400 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on KOF. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Barclays reiterated an “equal weight” rating and issued a $98.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, January 28th. UBS Group lifted their target price on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $110.72 on Friday. The business has a 50 day simple moving average of $97.69 and a two-hundred day simple moving average of $89.53. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $77.14 and a 1 year high of $110.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were issued a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.6%. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.