BNP Paribas Financial Markets Trims Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

BNP Paribas Financial Markets lowered its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 49.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,428 shares of the company’s stock after selling 40,081 shares during the quarter. BNP Paribas Financial Markets’ holdings in Coca-Cola FEMSA were worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. D Orazio & Associates Inc. increased its position in shares of Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock valued at $230,000 after purchasing an additional 138 shares during the last quarter. Hartford Financial Management Inc. increased its position in shares of Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. Chase Investment Counsel Corp increased its position in shares of Coca-Cola FEMSA by 4.4% during the 2nd quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $415,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC increased its holdings in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares in the last quarter. Finally, Americana Partners LLC increased its holdings in Coca-Cola FEMSA by 5.4% in the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after acquiring an additional 213 shares in the last quarter.

Coca-Cola FEMSA Price Performance

KOF stock opened at $82.47 on Thursday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $77.02 and a 1-year high of $104.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.87 and a current ratio of 1.14. The business has a 50 day simple moving average of $83.77 and a two-hundred day simple moving average of $86.46.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.7433 dividend. The ex-dividend date is Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KOF shares. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, 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 report on Wednesday, October 30th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $104.75.

About Coca-Cola FEMSA

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.