Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Stake Boosted by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 266.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,243 shares of the company's stock after purchasing an additional 10,352 shares during the period. Quantbot Technologies LP's holdings in Coca-Cola FEMSA were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in Coca-Cola FEMSA in the 2nd quarter worth approximately $32,000. Blue Trust Inc. grew its position in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company's stock valued at $41,000 after acquiring an additional 397 shares in the last quarter. Hartford Financial Management Inc. grew its position in Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock valued at $42,000 after acquiring an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company's stock valued at $48,000 after purchasing an additional 196 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KOF. Citigroup upgraded shares of 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 shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 3rd. Finally, Barclays lowered their price objective 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Up 0.4 %

NYSE:KOF traded up $0.30 during mid-day trading on Friday, reaching $79.63. The stock had a trading volume of 96,164 shares, compared to its average volume of 201,564. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $77.02 and a 1-year high of $104.38. The stock's 50 day simple moving average is $84.17 and its two-hundred day simple moving average is $86.80.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given 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 is currently 11.55%.

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.