Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Stock Position Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,383 shares of the company's stock after selling 3,844 shares during the quarter. Janney Montgomery Scott LLC's holdings in Coca-Cola FEMSA were worth $575,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA during the third quarter worth approximately $31,000. Hartford Financial Management Inc. grew its holdings in Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock valued at $42,000 after buying an additional 140 shares in the last quarter. GAMMA Investing LLC grew 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 valued at $48,000 after buying an additional 196 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Finally, ORG Wealth Partners LLC purchased a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $85,000.

Wall Street Analysts Forecast Growth

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

Coca-Cola FEMSA Price Performance

KOF stock traded up $3.67 on Wednesday, reaching $82.91. 283,250 shares of the company's stock were exchanged, compared to its average volume of 187,262. The stock has a fifty day moving average of $78.30 and a 200-day moving average of $83.02. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market cap of $139.34 billion, a PE ratio of 14.08, a P/E/G ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a $0.7433 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA's dividend payout ratio is currently 11.71%.

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.