Leo Wealth LLC Buys 394 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Leo Wealth LLC boosted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,630 shares of the company’s stock after buying an additional 394 shares during the quarter. Leo Wealth LLC’s holdings in Coca-Cola FEMSA were worth $1,062,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KOF. JPMorgan Chase & Co. increased its holdings in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $31,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after purchasing an additional 110,926 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Coca-Cola FEMSA by 43.3% during the third quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock valued at $428,000 after purchasing an additional 1,464 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on KOF shares. Barclays dropped their price objective 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. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Stock Down 0.6 %

NYSE:KOF opened at $77.74 on Friday. 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, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $104.38. The stock’s fifty day simple moving average is $78.39 and its 200-day simple moving average is $83.17. The firm has a market capitalization of $130.66 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.57 and a beta of 0.83.

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 given a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s payout ratio 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.