Leo Wealth LLC Has $1.06 Million Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Leo Wealth LLC increased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,630 shares of the company’s stock after buying an additional 394 shares during the quarter. Leo Wealth LLC’s holdings in Coca-Cola FEMSA were worth $1,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC acquired a new stake in shares of Coca-Cola FEMSA during the third quarter worth about $31,000. Hartford Financial Management Inc. increased its stake in 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 in the last quarter. GAMMA Investing LLC raised 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 worth $48,000 after buying an additional 196 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA in the third quarter valued at approximately $71,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Coca-Cola FEMSA in the third quarter valued at approximately $85,000.

Coca-Cola FEMSA Price Performance

NYSE:KOF opened at $77.74 on Friday. The company has a market cap of $130.66 billion, a P/E ratio of 13.20, 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 52-week low of $72.68 and a 52-week high of $104.38. The stock’s 50-day simple moving average is $78.39 and its 200 day simple moving average is $83.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Investors 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 dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is presently 11.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on KOF. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Barclays dropped their target price on 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.