ORG Wealth Partners LLC Sells 230 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

ORG Wealth Partners LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 728 shares of the company’s stock after selling 230 shares during the quarter. ORG Wealth Partners LLC’s holdings in Coca-Cola FEMSA were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KOF. Bank of New York Mellon Corp lifted its position in Coca-Cola FEMSA by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock worth $1,413,000 after purchasing an additional 476 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Coca-Cola FEMSA in the second quarter valued at approximately $327,000. Ashton Thomas Private Wealth LLC acquired a new stake in Coca-Cola FEMSA during the 2nd quarter valued at approximately $32,000. Thoroughbred Financial Services LLC increased its position in Coca-Cola FEMSA by 21.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,669 shares of the company’s stock valued at $744,000 after purchasing an additional 1,507 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Coca-Cola FEMSA by 12.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 65,233 shares of the company’s stock valued at $5,600,000 after purchasing an additional 7,363 shares during the period.

Analysts Set New Price Targets

KOF has been the topic of a number of research analyst reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays dropped their price objective on 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. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average target price of $104.75.

Coca-Cola FEMSA Trading Down 2.0 %

Shares of KOF opened at $74.59 on Friday. The business has a 50-day moving average of $79.57 and a 200 day moving average of $84.40. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $74.43 and a fifty-two week high of $104.38. The firm has a market cap of $125.36 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. 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 disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 11.71%.

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.