Veracity Capital LLC Trims Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Veracity Capital LLC cut its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,739 shares of the company’s stock after selling 569 shares during the period. Veracity Capital LLC’s holdings in Coca-Cola FEMSA were worth $681,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KOF. Park Avenue Securities LLC lifted its position in shares of Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after buying an additional 233 shares in the last quarter. Kathmere Capital Management LLC raised its stake in Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after acquiring an additional 206 shares during the period. JPMorgan Chase & Co. lifted its holdings in Coca-Cola FEMSA by 90.5% during the third 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. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA in the third quarter worth approximately $71,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Coca-Cola FEMSA by 8.8% in the third quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,344 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOF. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays decreased their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF opened at $74.97 on Friday. The company has a market cap of $126.00 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.55 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $104.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm’s fifty day moving average is $78.55 and its two-hundred day moving average is $83.85.

Coca-Cola FEMSA Cuts Dividend

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

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.