M&T Bank Corp Raises Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

M&T Bank Corp raised its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 18.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,055 shares of the company’s stock after purchasing an additional 783 shares during the quarter. M&T Bank Corp’s holdings in Coca-Cola FEMSA were worth $448,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $32,000. Blue Trust Inc. lifted its holdings in shares of Coca-Cola FEMSA by 490.1% in the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after acquiring an additional 397 shares during the last quarter. Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KOF. Barclays lowered their price target on 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. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Trading Up 1.1 %

Shares of KOF stock opened at $81.68 on Wednesday. The company has a market capitalization of $137.28 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $82.30 and its two-hundred day moving average is $85.51. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $77.02 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.7433 dividend. The ex-dividend date is Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.38%.

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.