MQS Management LLC Sells 3,813 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

MQS Management LLC lowered its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 57.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,776 shares of the company’s stock after selling 3,813 shares during the period. MQS Management LLC’s holdings in Coca-Cola FEMSA were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D Orazio & Associates Inc. boosted its position in shares of Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock valued at $230,000 after acquiring an additional 138 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter. Chase Investment Counsel Corp grew its stake in shares of Coca-Cola FEMSA by 4.4% in the 2nd quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $415,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC raised its holdings in shares of Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares in the last quarter. Finally, Americana Partners LLC lifted its position in shares of Coca-Cola FEMSA by 5.4% during the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after buying an additional 213 shares during the period.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF opened at $77.50 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $77.03 and a 12 month high of $104.38. The company’s 50-day moving average price is $86.14 and its two-hundred day moving average price is $88.46.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were paid a dividend of $0.7811 per share. The ex-dividend date of this dividend was Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 11.55%.

Wall Street Analyst Weigh In

KOF has been the topic of a number of analyst reports. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup raised 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 report on Tuesday, October 29th. Barclays cut their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Seven investment 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.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $103.91.

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.