Arkfeld Wealth Strategies L.L.C. Raises Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Arkfeld Wealth Strategies L.L.C. grew its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 192.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,569 shares of the company’s stock after acquiring an additional 20,133 shares during the period. Coca Cola Femsa comprises approximately 0.9% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 23rd biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Coca Cola Femsa were worth $2,483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MAI Capital Management raised its position in Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after purchasing an additional 201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coca Cola Femsa by 46.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock valued at $66,000 after acquiring an additional 216 shares in the last quarter. CWM LLC raised its holdings in shares of Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 186.6% in the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after acquiring an additional 601 shares during the period. Finally, Blue Trust Inc. grew its holdings in Coca Cola Femsa by 35.3% during the 3rd quarter. Blue Trust Inc. now owns 1,344 shares of the company’s stock worth $112,000 after acquiring an additional 351 shares in the last quarter.

Wall Street Analysts Forecast Growth

KOF has been the subject of several research reports. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group raised their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Coca Cola Femsa Trading Up 2.0%

Shares of KOF opened at $110.72 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $77.14 and a 12 month high of $110.90. The stock has a fifty day moving average price of $97.69 and a 200-day moving average price of $89.53.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were issued a $0.9979 dividend. This represents a $3.99 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.