State Street Corp Has $541,000 Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

State Street Corp reduced its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 60.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the company's stock after selling 9,500 shares during the quarter. State Street Corp's holdings in Coca-Cola FEMSA were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KOF. Bank of New York Mellon Corp raised its stake in shares of Coca-Cola FEMSA by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company's stock valued at $1,413,000 after acquiring an additional 476 shares during the last quarter. Acadian Asset Management LLC bought a new position in Coca-Cola FEMSA in the 2nd quarter valued at $327,000. Caprock Group LLC boosted its stake in Coca-Cola FEMSA by 272.0% in the second quarter. Caprock Group LLC now owns 12,652 shares of the company's stock worth $1,086,000 after purchasing an additional 9,251 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of Coca-Cola FEMSA by 232.7% during the second quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 19,910 shares of the company's stock worth $1,709,000 after purchasing an additional 13,925 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA in the second quarter valued at $32,000.

Coca-Cola FEMSA Trading Down 2.1 %

NYSE:KOF traded down $1.65 on Friday, hitting $76.10. 240,744 shares of the stock were exchanged, compared to its average volume of 176,222. The stock has a market capitalization of $127.90 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 0.71 and a beta of 0.83. 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, S.A.B. de C.V. has a 52 week low of $76.02 and a 52 week high of $104.38. The company's 50-day moving average price is $80.21 and its 200 day moving average price is $84.62.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.7433 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA's dividend payout ratio is currently 11.71%.

Analyst Ratings Changes

Several research analysts recently issued reports on KOF shares. Barclays reduced their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola FEMSA has an average rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Company 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.