Coca-Cola FEMSA (NYSE:KOF) Raised to "Strong-Buy" at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

A number of other research firms also recently weighed in on KOF. The Goldman Sachs Group raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 3rd. UBS Group lowered their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Citigroup raised shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays reduced their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola FEMSA has a consensus rating of "Buy" and an average price target of $103.91.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock traded up $0.76 on Tuesday, reaching $81.33. 244,170 shares of the company were exchanged, compared to its average volume of 168,560. Coca-Cola FEMSA has a fifty-two week low of $79.32 and a fifty-two week high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $86.93 and a 200-day moving average price of $89.21.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared 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 of this dividend was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA's dividend payout ratio is 11.55%.

Institutional Trading of Coca-Cola FEMSA

Large investors have recently made changes to their positions in the business. WCM Investment Management LLC lifted its position in Coca-Cola FEMSA by 337.1% during the 3rd quarter. WCM Investment Management LLC now owns 13,974 shares of the company's stock valued at $1,263,000 after purchasing an additional 10,777 shares during the period. Meritage Portfolio Management increased its stake in shares of Coca-Cola FEMSA by 35.4% in the 3rd quarter. Meritage Portfolio Management now owns 41,528 shares of the company's stock valued at $3,684,000 after acquiring an additional 10,867 shares during the last quarter. Summit Global Investments raised its holdings in Coca-Cola FEMSA by 0.7% in the third quarter. Summit Global Investments now owns 47,687 shares of the company's stock worth $4,231,000 after purchasing an additional 342 shares during the period. Malaga Cove Capital LLC boosted its position in shares of Coca-Cola FEMSA by 58.7% during the third quarter. Malaga Cove Capital LLC now owns 5,463 shares of the company's stock worth $485,000 after purchasing an additional 2,021 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Coca-Cola FEMSA by 7.9% in the 3rd quarter. QRG Capital Management Inc. now owns 6,363 shares of the company's stock valued at $565,000 after buying an additional 467 shares during the period.

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.