Americana Partners LLC Purchases 981 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Americana Partners LLC increased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 23.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,131 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Americana Partners LLC’s holdings in Coca-Cola FEMSA were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Coca-Cola FEMSA in the third quarter valued at approximately $31,000. Hartford Financial Management Inc. raised its stake in 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 purchasing an additional 140 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA in the third quarter valued at approximately $71,000. CWM LLC raised its stake in Coca-Cola FEMSA by 37.3% in the third quarter. CWM LLC now owns 1,171 shares of the company’s stock valued at $104,000 after purchasing an additional 318 shares in the last quarter. Finally, Journey Strategic Wealth LLC purchased a new stake in Coca-Cola FEMSA in the fourth quarter valued at approximately $215,000.

Coca-Cola FEMSA Trading Up 1.5 %

KOF stock opened at $85.22 on Wednesday. The company has a market capitalization of $143.23 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $104.38. The company’s 50 day moving average price is $78.50 and its two-hundred day moving average price is $82.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

The company 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 dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is 11.71%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.