Oppenheimer Asset Management Inc. Increases Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Oppenheimer Asset Management Inc. increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,623 shares of the company’s stock after purchasing an additional 2,390 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $6,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Coca-Cola FEMSA during the second quarter valued at approximately $32,000. Blue Trust Inc. increased its position in shares of Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after acquiring an additional 397 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in Coca-Cola FEMSA by 42.2% during the third 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. Finally, GAMMA Investing LLC boosted its position in Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KOF shares. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays dropped 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. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Down 0.9 %

KOF opened at $77.50 on Friday. The firm has a 50-day moving average price of $86.14 and a 200-day moving average price of $88.46. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.03 and a twelve month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were paid a $0.7811 dividend. The ex-dividend date of this dividend was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is 11.55%.

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.