Byrne Asset Management LLC Sells 425 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Byrne Asset Management LLC decreased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 897 shares of the company’s stock after selling 425 shares during the quarter. Byrne Asset Management LLC’s holdings in Coca-Cola FEMSA were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Leo Wealth LLC increased its stake in Coca-Cola FEMSA by 3.0% during the 4th quarter. Leo Wealth LLC now owns 13,630 shares of the company’s stock valued at $1,062,000 after purchasing an additional 394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coca-Cola FEMSA by 570.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after acquiring an additional 4,214 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter worth about $215,000. Caprock Group LLC bought a new position in Coca-Cola FEMSA in the 4th quarter valued at about $855,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after purchasing an additional 157,530 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on KOF shares. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays lowered their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Trading Down 0.6 %

NYSE KOF opened at $77.74 on Friday. The stock has a market capitalization of $130.66 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.57 and a beta of 0.83. The business’s fifty day moving average is $78.39 and its 200-day moving average is $83.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. 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.

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 paid 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 is currently 11.71%.

Coca-Cola FEMSA 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.