Capital Advisors Wealth Management LLC Sells 597 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital Advisors Wealth Management LLC lowered its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,624 shares of the company’s stock after selling 597 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Coca-Cola FEMSA were worth $672,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KOF. Bank of New York Mellon Corp boosted its holdings in shares of Coca-Cola FEMSA by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock worth $1,413,000 after acquiring an additional 476 shares during the period. Acadian Asset Management LLC bought a new stake in Coca-Cola FEMSA in the 2nd quarter valued at $327,000. Envestnet Asset Management Inc. boosted its stake in Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after purchasing an additional 5,166 shares during the period. Dimensional Fund Advisors LP grew its holdings in Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after buying an additional 4,742 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Coca-Cola FEMSA by 8.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,747 shares of the company’s stock worth $665,000 after buying an additional 582 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KOF shares. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Trading Down 0.1 %

KOF opened at $76.39 on Friday. 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, S.A.B. de C.V. has a twelve month low of $73.90 and a twelve month high of $104.38. The company has a 50-day simple moving average of $79.00 and a 200 day simple moving average of $84.09.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 11.71%.

Coca-Cola FEMSA 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.