Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 68,699 shares of the company’s stock after selling 2,867 shares during the period. Stifel Financial Corp’s holdings in Coca-Cola FEMSA were worth $6,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. grew its position in Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after purchasing an additional 138 shares during the period. Hartford Financial Management Inc. grew its position 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 purchasing an additional 140 shares during the period. Chase Investment Counsel Corp grew its position in Coca-Cola FEMSA by 4.4% during the 2nd quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock worth $415,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC grew its position in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares during the period. Finally, Americana Partners LLC grew its position in shares of Coca-Cola FEMSA by 5.4% during the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock valued at $368,000 after acquiring an additional 213 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup upgraded 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. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays dropped their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $104.75.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA 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 firm’s 50-day moving average price is $82.54 and its 200 day moving average price is $85.81. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

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

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.