Martin Capital Partners LLC Sells 22,397 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Martin Capital Partners LLC decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 57.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,869 shares of the company's stock after selling 22,397 shares during the quarter. Martin Capital Partners LLC's holdings in Coca-Cola FEMSA were worth $1,314,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Hartford Financial Management Inc. increased its position 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 acquiring an additional 140 shares during the period. GAMMA Investing LLC raised its holdings in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company's stock worth $48,000 after purchasing an additional 196 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock worth $545,000 after purchasing an additional 206 shares during the period. Americana Partners LLC lifted its holdings in shares of Coca-Cola FEMSA by 5.4% in the third quarter. Americana Partners LLC now owns 4,150 shares of the company's stock valued at $368,000 after buying an additional 213 shares during the period. Finally, D Orazio & Associates Inc. boosted its stake in Coca-Cola FEMSA by 8.5% during the third quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company's stock valued at $258,000 after buying an additional 228 shares in the last quarter.

Coca-Cola FEMSA Stock Up 0.1 %

NYSE:KOF traded up $0.11 during trading hours on Wednesday, reaching $77.76. The company's stock had a trading volume of 118,341 shares, compared to its average volume of 186,297. The business's 50-day moving average is $78.48 and its 200-day moving average is $83.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $104.38. The company has a market cap of $130.68 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Barclays lowered their price objective on shares of 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, Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $104.75.

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.