MQS Management LLC Has $246,000 Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

MQS Management LLC decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 57.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,776 shares of the company’s stock after selling 3,813 shares during the quarter. MQS Management LLC’s holdings in Coca-Cola FEMSA were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KOF. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA in the third quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth about $32,000. 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 valued at $42,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after acquiring an additional 397 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 196 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays lowered their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Stock Down 0.9 %

NYSE:KOF opened at $77.50 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 one year low of $77.03 and a one year high of $104.38. The company has a fifty day moving average price of $86.14 and a 200 day moving average price of $88.46.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is currently 11.55%.

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.