Coca Cola Femsa S.A.B. de C.V. $KOF Shares Bought by CenterBook Partners LP

CenterBook Partners LP increased its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 202.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,729 shares of the company’s stock after buying an additional 25,936 shares during the quarter. CenterBook Partners LP’s holdings in Coca Cola Femsa were worth $3,218,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KOF. MAI Capital Management raised its position in Coca Cola Femsa by 103.6% in the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coca Cola Femsa by 46.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after purchasing an additional 216 shares in the last quarter. CWM LLC raised its holdings in shares of Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after purchasing an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after purchasing an additional 601 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Coca Cola Femsa by 35.3% during the third quarter. Blue Trust Inc. now owns 1,344 shares of the company’s stock worth $112,000 after buying an additional 351 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. UBS Group increased their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.20.

Coca Cola Femsa Stock Down 0.1%

NYSE:KOF opened at $112.66 on Thursday. The business’s fifty day moving average price is $101.27 and its 200 day moving average price is $91.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $116.36.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a $0.9979 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio is 64.29%.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.