WCM Investment Management LLC Acquires 10,777 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

WCM Investment Management LLC grew its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 337.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,974 shares of the company's stock after acquiring an additional 10,777 shares during the period. WCM Investment Management LLC's holdings in Coca-Cola FEMSA were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth about $32,000. Blue Trust Inc. lifted its stake in shares of Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company's stock worth $41,000 after buying an additional 397 shares during the last quarter. Hartford Financial Management Inc. lifted its stake 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 worth $42,000 after buying an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Coca-Cola FEMSA by 56.2% during the 3rd 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.

Wall Street Analysts Forecast Growth

KOF has been the subject of several recent research reports. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. 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 research note on Tuesday, October 29th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 3rd. Finally, Barclays cut their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Seven research 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.com, the stock has an average rating of "Buy" and a consensus target price of $103.91.

Coca-Cola FEMSA Stock Down 2.7 %

NYSE KOF traded down $2.15 during trading hours on Wednesday, reaching $78.30. 143,811 shares of the company were exchanged, compared to its average volume of 168,233. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $78.27 and a 1 year high of $104.38. The business's 50 day simple moving average is $86.50 and its 200-day simple moving average is $88.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were issued a dividend of $0.7811 per share. The ex-dividend date was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 11.55%.

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.