Bright Futures Wealth Management LLC. Sells 1,294 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Bright Futures Wealth Management LLC. reduced its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,921 shares of the company’s stock after selling 1,294 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Coca-Cola FEMSA were worth $942,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Kestra Private Wealth Services LLC increased its holdings in shares of Coca-Cola FEMSA by 15.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,517 shares of the company’s stock worth $663,000 after acquiring an additional 1,170 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Coca-Cola FEMSA by 161.6% in the fourth quarter. WCM Investment Management LLC now owns 36,551 shares of the company’s stock worth $2,842,000 after acquiring an additional 22,577 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of Coca-Cola FEMSA by 3.0% during the fourth quarter. Leo Wealth LLC now owns 13,630 shares of the company’s stock worth $1,062,000 after buying an additional 394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coca-Cola FEMSA by 570.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after buying an additional 4,214 shares in the last quarter. Finally, Journey Strategic Wealth LLC bought a new position in shares of Coca-Cola FEMSA during the fourth quarter worth about $215,000.

Coca-Cola FEMSA Stock Up 2.1 %

KOF stock opened at $84.67 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. The business has a 50 day moving average price of $78.34 and a two-hundred day moving average price of $83.03. The company has a market cap of $142.30 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Analysts Set New Price Targets

KOF has been the subject of a number of research reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Barclays decreased their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $104.75.

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.