Alhambra Investment Management LLC Cuts Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Alhambra Investment Management LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 12.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,092 shares of the company’s stock after selling 607 shares during the quarter. Alhambra Investment Management LLC’s holdings in Coca-Cola FEMSA were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KOF. Hartford Financial Management Inc. boosted its stake in shares of 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 buying an additional 140 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in Coca-Cola FEMSA by 4.4% in the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $394,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 196 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares during the period. Finally, Americana Partners LLC increased its holdings in shares of Coca-Cola FEMSA by 5.4% in the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock valued at $368,000 after purchasing an additional 213 shares in the last quarter.

Wall Street Analyst Weigh In

KOF has been the topic of a number of research analyst reports. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays dropped their price objective 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Trading Down 0.3 %

Shares of NYSE KOF opened at $76.09 on Friday. The firm’s 50-day moving average is $78.87 and its two-hundred day moving average is $84.05. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $73.90 and a 12-month high of $104.38. 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 Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is currently 11.71%.

Coca-Cola FEMSA 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.