Bright Futures Wealth Management LLC. Sells 1,294 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Bright Futures Wealth Management LLC. reduced its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,921 shares of the company’s stock after selling 1,294 shares during the period. Bright Futures Wealth Management LLC.’s holdings in Coca-Cola FEMSA were worth $942,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $31,000. Hartford Financial Management Inc. raised its position in Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. GAMMA Investing LLC raised its position in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Finally, CWM LLC raised its position in Coca-Cola FEMSA by 37.3% in the 3rd quarter. CWM LLC now owns 1,171 shares of the company’s stock valued at $104,000 after purchasing an additional 318 shares during the last quarter.

Coca-Cola FEMSA Trading Up 2.1 %

NYSE:KOF opened at $84.67 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $104.38. The business’s 50-day moving average price is $78.34 and its two-hundred day moving average price is $83.03. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $142.30 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.57 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is 11.71%.

Analyst Ratings Changes

Several equities analysts have issued reports on KOF shares. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. StockNews.com upgraded 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 for the company in a research report on Wednesday, October 30th. 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.com, Coca-Cola FEMSA currently has an average rating of “Buy” and a consensus target price of $104.75.

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.