Gradient Investments LLC Buys Shares of 6,346 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Gradient Investments LLC acquired a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,346 shares of the company's stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after buying an additional 233 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Coca-Cola FEMSA by 3.0% during the 4th 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. JPMorgan Chase & Co. grew its holdings in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA in the 3rd quarter worth about $71,000. Finally, Sanctuary Advisors LLC lifted its stake in Coca-Cola FEMSA by 8.8% in the third quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company's stock worth $1,480,000 after purchasing an additional 1,344 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KOF. Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, Barclays lowered 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 research note on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $104.75.

Coca-Cola FEMSA Stock Up 1.9 %

NYSE KOF traded up $1.44 on Friday, reaching $76.44. 158,503 shares of the stock traded hands, compared to its average volume of 138,074. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $104.38. The company has a market cap of $128.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.55 and a beta of 0.83. The company has a fifty day moving average price of $78.53 and a 200-day moving average price of $83.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared 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 payout ratio is presently 11.71%.

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.