CenterBook Partners LP Has $3.22 Million Stock Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

CenterBook Partners LP increased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 202.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,729 shares of the company’s stock after acquiring an additional 25,936 shares during the period. CenterBook Partners LP’s holdings in Coca Cola Femsa were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Coca Cola Femsa by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp raised its position in Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. CWM LLC raised its position in Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares in the last quarter. Ethic Inc. lifted its stake in Coca Cola Femsa by 3.4% in the second quarter. Ethic Inc. now owns 4,699 shares of the company’s stock valued at $444,000 after acquiring an additional 154 shares during the last quarter. Finally, MQS Management LLC bought a new stake in Coca Cola Femsa in the second quarter worth approximately $335,000.

Coca Cola Femsa Stock Down 0.1%

KOF stock opened at $112.66 on Thursday. The company has a 50-day moving average of $101.27 and a two-hundred day moving average of $91.13. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were issued a $0.9979 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a yield of 3.5%. Coca Cola Femsa’s dividend payout ratio (DPR) is 64.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a report on Wednesday, February 11th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.