National Bank of Canada FI Purchases 25,230 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

National Bank of Canada FI lifted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 54,847.8% in the third quarter, HoldingsChannel reports. The firm owned 25,276 shares of the company’s stock after purchasing an additional 25,230 shares during the quarter. National Bank of Canada FI’s holdings in Coca-Cola FEMSA were worth $2,242,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KOF. CWM LLC grew its stake in shares of Coca-Cola FEMSA by 49.9% in the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after buying an additional 284 shares in the last quarter. SG Americas Securities LLC bought a new stake in Coca-Cola FEMSA during the second quarter worth approximately $168,000. Envestnet Portfolio Solutions Inc. increased its stake in Coca-Cola FEMSA by 19.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,204 shares of the company’s stock worth $275,000 after acquiring an additional 524 shares during the last quarter. Blue Trust Inc. raised its position in 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 purchasing an additional 397 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Coca-Cola FEMSA by 6.2% in the 2nd quarter. Raymond James & Associates now owns 17,171 shares of the company’s stock valued at $1,474,000 after purchasing an additional 1,000 shares during the last quarter.

Coca-Cola FEMSA Trading Up 0.2 %

KOF stock opened at $81.29 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $82.54 and its two-hundred day simple moving average is $85.81.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a dividend of $0.7433 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. 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 upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays dropped their price target on shares of 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 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 currently has a consensus rating of “Buy” and a consensus 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.