Summit Global Investments boosted its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,850 shares of the company’s stock after acquiring an additional 829 shares during the period. Summit Global Investments’ holdings in Coca-Cola FEMSA were worth $2,825,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Financial Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares in the last quarter. Signaturefd LLC boosted its stake in Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at $105,000. Systematic Alpha Investments LLC bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter worth $149,000. Finally, New York State Common Retirement Fund lifted its holdings in Coca-Cola FEMSA by 54.4% in the 3rd quarter. New York State Common Retirement Fund now owns 2,607 shares of the company’s stock valued at $204,000 after acquiring an additional 918 shares during the last quarter.
Coca-Cola FEMSA Price Performance
NYSE:KOF traded up $0.86 during midday trading on Friday, reaching $98.43. The stock had a trading volume of 107,308 shares, compared to its average volume of 162,774. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $69.33 and a 1-year high of $104.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The firm’s fifty day simple moving average is $96.62 and its 200-day simple moving average is $91.62.
Coca-Cola FEMSA Cuts Dividend
The business also recently announced an annual dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were paid a dividend of $0.81 per share. This represents a yield of 0.84%. The ex-dividend date was Friday, April 12th. Coca-Cola FEMSA’s payout ratio is currently 13.91%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. UBS Group increased their target price on Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and an average price target of $100.75.
Get Our Latest Research Report on Coca-Cola FEMSA
Coca-Cola FEMSA Profile
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.
Featured Articles
- Five stocks we like better than Coca-Cola FEMSA
- Why Are Stock Sectors Important to Successful Investing?
- Appleās Earnings Show Investors Its Strength and Its Weakness
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- How to invest in blue chip stocks
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report).
Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.