Cwm LLC lifted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 37.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,171 shares of the company’s stock after purchasing an additional 318 shares during the period. Cwm LLC’s holdings in Coca-Cola FEMSA were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Atomi Financial Group Inc. boosted its holdings in Coca-Cola FEMSA by 7.2% in the third quarter. Atomi Financial Group Inc. now owns 4,077 shares of the company’s stock worth $362,000 after purchasing an additional 275 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Coca-Cola FEMSA in the 2nd quarter worth $1,528,000. Sanctuary Advisors LLC bought a new stake in shares of Coca-Cola FEMSA in the second quarter worth $1,317,000. Finally, Cetera Investment Advisers increased its position in Coca-Cola FEMSA by 5.7% during the second quarter. Cetera Investment Advisers now owns 11,599 shares of the company’s stock valued at $996,000 after acquiring an additional 629 shares during the last quarter.
Coca-Cola FEMSA Stock Up 1.3 %
Shares of NYSE:KOF opened at $85.98 on Friday. The stock has a 50 day moving average of $87.60 and a 200 day moving average of $89.74. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $73.95 and a 12-month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.
Coca-Cola FEMSA Cuts Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays boosted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $101.91.
Get Our Latest Stock Analysis on KOF
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.
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