Capital Advisors Wealth Management LLC Has $672,000 Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital Advisors Wealth Management LLC lessened its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,624 shares of the company’s stock after selling 597 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Coca-Cola FEMSA were worth $672,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in shares of Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after acquiring an additional 233 shares in the last quarter. Kathmere Capital Management LLC grew its position in Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after buying an additional 378,325 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Finally, Sanctuary Advisors LLC lifted its position in Coca-Cola FEMSA by 8.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock worth $1,480,000 after buying an additional 1,344 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $76.39 on Friday. The stock has a 50-day simple moving average of $79.00 and a 200 day simple moving average of $84.09. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $73.90 and a 52 week high of $104.38.

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 of this dividend was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

KOF has been the topic of a number of recent research reports. Barclays lowered their target price 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. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Company 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.