Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Stock Holdings Increased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 150.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 44,600 shares of the company's stock after acquiring an additional 26,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Coca-Cola FEMSA were worth $3,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company's stock worth $23,160,000 after purchasing an additional 110,926 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $7,708,000. Itau Unibanco Holding S.A. boosted its position in shares of Coca-Cola FEMSA by 13.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company's stock worth $42,025,000 after acquiring an additional 62,282 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Coca-Cola FEMSA during the third quarter worth about $3,912,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Coca-Cola FEMSA during the first quarter worth $3,346,000.

Coca-Cola FEMSA Stock Up 0.4 %

KOF traded up $0.30 during trading hours on Friday, hitting $79.63. 96,164 shares of the stock were exchanged, compared to its average volume of 201,564. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $77.02 and a 12 month high of $104.38. The stock has a 50-day simple moving average of $84.17 and a 200-day simple moving average of $86.80. 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 announced a semi-annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date is Friday, December 6th. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 11.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a report on Tuesday, September 3rd. Citigroup raised shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays lowered their target price on 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. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $103.91.

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.