WCM Investment Management LLC Purchases 22,577 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

WCM Investment Management LLC boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 161.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,551 shares of the company's stock after acquiring an additional 22,577 shares during the quarter. WCM Investment Management LLC's holdings in Coca-Cola FEMSA were worth $2,842,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $31,000. Hartford Financial Management Inc. lifted its holdings in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Coca-Cola FEMSA by 56.2% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA during the 3rd quarter valued at $71,000. Finally, ORG Wealth Partners LLC acquired a new stake in Coca-Cola FEMSA during the 3rd quarter valued at $85,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KOF. Barclays reduced 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 report on Wednesday, October 30th. 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 research report on Tuesday, October 29th. Finally, StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Stock Up 0.1 %

NYSE KOF traded up $0.09 on Friday, reaching $84.48. The company had a trading volume of 57,172 shares, compared to its average volume of 185,461. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $104.38. The stock has a market capitalization of $141.98 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.57 and a beta of 0.83. The company's fifty day moving average is $78.34 and its 200 day moving average is $83.03. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The company 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. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA's dividend payout ratio (DPR) is currently 11.71%.

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.