R Squared Ltd Acquires New Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

R Squared Ltd bought a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the 4th quarter, HoldingsChannel reports. The fund bought 2,770 shares of the company’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Coca-Cola FEMSA during the third quarter worth approximately $31,000. Hartford Financial Management Inc. boosted its position in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the period. GAMMA Investing LLC boosted its position in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Coca-Cola FEMSA during the third quarter valued at $71,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Coca-Cola FEMSA during the third quarter valued at $85,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KOF. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays decreased their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $104.75.

Coca-Cola FEMSA Stock Up 0.1 %

NYSE KOF opened at $77.82 on Wednesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $104.38. The company has a market capitalization of $130.79 billion, a P/E ratio of 13.21, a PEG ratio of 0.55 and a beta of 0.83. The company’s 50 day simple moving average is $78.51 and its 200 day simple moving average is $83.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a $0.7433 dividend. 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%.

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.