Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC trimmed its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 57.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,869 shares of the company’s stock after selling 22,397 shares during the period. Martin Capital Partners LLC’s holdings in Coca-Cola FEMSA were worth $1,314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Coca-Cola FEMSA in the third quarter valued at $31,000. Hartford Financial Management Inc. grew its holdings in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after buying an additional 140 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Coca-Cola FEMSA by 56.2% in 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. Wilmington Savings Fund Society FSB purchased a new position in Coca-Cola FEMSA during the 3rd quarter worth $71,000. Finally, ORG Wealth Partners LLC acquired a new stake in Coca-Cola FEMSA in the third quarter valued at about $85,000.

Coca-Cola FEMSA Stock Performance

KOF opened at $77.70 on Wednesday. The business has a 50 day moving average price of $78.48 and a two-hundred day moving average price of $83.35. The company has a market capitalization of $130.58 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $104.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio is 11.71%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KOF shares. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, Barclays reduced their target price 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus target price of $104.75.

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.