Hexavest Inc. held its stake in shares of Coca-Cola FEMSA SAB (NYSE:KOF) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,369 shares of the company’s stock at the end of the third quarter. Hexavest Inc.’s holdings in Coca-Cola FEMSA SAB were worth $328,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. World Asset Management Inc boosted its stake in shares of Coca-Cola FEMSA SAB by 8.2% in the second quarter. World Asset Management Inc now owns 3,077 shares of the company’s stock worth $255,000 after buying an additional 233 shares during the last quarter. Bank of New York Mellon Corp raised its position in Coca-Cola FEMSA SAB by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 173,724 shares of the company’s stock worth $14,412,000 after buying an additional 2,371 shares during the period. Pring Turner Capital Group Inc. bought a new position in Coca-Cola FEMSA SAB during the second quarter worth about $2,533,000. Comgest Global Investors S.A.S. raised its position in Coca-Cola FEMSA SAB by 16.0% in the second quarter. Comgest Global Investors S.A.S. now owns 501,670 shares of the company’s stock worth $41,618,000 after buying an additional 69,163 shares during the period. Finally, Acadian Asset Management LLC raised its position in Coca-Cola FEMSA SAB by 46.2% in the second quarter. Acadian Asset Management LLC now owns 19,333 shares of the company’s stock worth $1,604,000 after buying an additional 6,106 shares during the period. 5.73% of the stock is owned by institutional investors and hedge funds.
Coca-Cola FEMSA SAB (NYSE:KOF) traded down 1.34% during mid-day trading on Friday, hitting $63.13. The stock had a trading volume of 37,873 shares. The firm has a market cap of $13.09 billion, a PE ratio of 27.32 and a beta of 0.90. The company has a 50-day moving average of $73.42 and a 200-day moving average of $77.13. Coca-Cola FEMSA SAB has a 12-month low of $61.17 and a 12-month high of $87.58.
The company also recently disclosed a dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were issued a dividend of $0.903 per share. The ex-dividend date of this dividend was Thursday, October 27th. Coca-Cola FEMSA SAB’s payout ratio is 68.44%.
KOF has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Coca-Cola FEMSA SAB in a report on Thursday, October 27th. Zacks Investment Research downgraded Coca-Cola FEMSA SAB from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Citigroup Inc. reaffirmed a “neutral” rating on shares of Coca-Cola FEMSA SAB in a report on Saturday, October 29th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $139.00 price target on shares of Coca-Cola FEMSA SAB in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.33.
Coca-Cola FEMSA SAB Company Profile
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.