Martin Capital Partners LLC Has $1.31 Million Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Martin Capital Partners LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 57.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,869 shares of the company’s stock after selling 22,397 shares during the quarter. Martin Capital Partners LLC’s holdings in Coca-Cola FEMSA were worth $1,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hartford Financial Management Inc. raised its holdings 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 valued at $42,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC raised its holdings in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares in the last quarter. Kathmere Capital Management LLC lifted its position in shares of Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after buying an additional 206 shares during the last quarter. Americana Partners LLC boosted its stake in shares of Coca-Cola FEMSA by 5.4% during the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after acquiring an additional 213 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of Coca-Cola FEMSA by 8.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company’s stock valued at $258,000 after acquiring an additional 228 shares during the last quarter.

Wall Street Analysts Forecast Growth

KOF has been the subject of a number of recent analyst reports. Barclays decreased their target price 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. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the company 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $77.70 on Wednesday. The company’s fifty day moving average is $78.48 and its two-hundred day moving average is $83.35. 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 current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $130.58 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.57 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

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