Summit Global Investments lifted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,687 shares of the company’s stock after acquiring an additional 342 shares during the quarter. Summit Global Investments’ holdings in Coca-Cola FEMSA were worth $4,231,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA during the third quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $32,000. Blue Trust Inc. lifted its position in shares of Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares during the last quarter. Hartford Financial Management Inc. increased 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 worth $42,000 after acquiring an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Coca-Cola FEMSA by 56.2% during 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.
Coca-Cola FEMSA Stock Performance
Coca-Cola FEMSA stock opened at $83.20 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $78.35 and a 12-month high of $104.38. The business’s 50-day moving average price is $86.69 and its two-hundred day moving average price is $89.03.
Coca-Cola FEMSA Cuts Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Barclays dropped their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $103.91.
Get Our Latest Research Report on Coca-Cola FEMSA
About Coca-Cola FEMSA
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.
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