Mirabella Financial Services LLP Buys Shares of 44,095 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Mirabella Financial Services LLP purchased a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 44,095 shares of the company’s stock, valued at approximately $3,912,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KOF. Allspring Global Investments Holdings LLC acquired a new position in Coca-Cola FEMSA in the third quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $32,000. Blue Trust Inc. raised its position in shares of Coca-Cola FEMSA by 490.1% in the 2nd 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 period. Hartford Financial Management Inc. boosted its stake 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 last quarter. Finally, GAMMA Investing LLC grew its holdings in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the period.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $79.06 on Monday. The stock has a 50-day moving average price of $85.28 and a two-hundred day moving average price of $87.44. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $77.02 and a 1 year 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 company also recently announced a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were given a $0.7811 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is presently 11.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KOF shares. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays lowered their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.91.

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.