Veracity Capital LLC Lowers Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Veracity Capital LLC reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,739 shares of the company’s stock after selling 569 shares during the period. Veracity Capital LLC’s holdings in Coca-Cola FEMSA were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its position in Coca-Cola FEMSA by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after purchasing an additional 17,208 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after buying an additional 304,197 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after buying an additional 378,325 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after acquiring an additional 110,926 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Coca-Cola FEMSA by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after acquiring an additional 9,911 shares during the last quarter.

Coca-Cola FEMSA Stock Down 0.4 %

Coca-Cola FEMSA stock opened at $74.97 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $104.38. The stock has a fifty day moving average of $78.55 and a 200 day moving average of $83.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market cap of $126.00 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KOF shares. Barclays reduced their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six 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 a consensus rating of “Buy” and a consensus target price of $104.75.

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.