Beverly Hills Private Wealth LLC grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 71.5% during the second quarter, HoldingsChannel reports. The firm owned 11,966 shares of the company’s stock after purchasing an additional 4,989 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Coca-Cola FEMSA were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Boston Partners acquired a new position in Coca-Cola FEMSA in the 1st quarter valued at $207,000. Truist Financial Corp increased its stake in shares of Coca-Cola FEMSA by 4.4% during the first quarter. Truist Financial Corp now owns 74,428 shares of the company’s stock worth $5,989,000 after acquiring an additional 3,146 shares during the period. Creative Planning raised its holdings in Coca-Cola FEMSA by 13.0% during the second quarter. Creative Planning now owns 5,814 shares of the company’s stock worth $484,000 after purchasing an additional 667 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Coca-Cola FEMSA by 3.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,024 shares of the company’s stock valued at $585,000 after purchasing an additional 216 shares in the last quarter. Finally, MAI Capital Management increased its position in Coca-Cola FEMSA by 8.2% during the 1st quarter. MAI Capital Management now owns 7,134 shares of the company’s stock worth $574,000 after purchasing an additional 539 shares during the period.
Coca-Cola FEMSA Stock Performance
Coca-Cola FEMSA stock opened at $85.04 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.04. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $64.97 and a fifty-two week high of $91.23. The stock’s fifty day moving average is $77.97 and its two-hundred day moving average is $82.70.
Coca-Cola FEMSA Increases Dividend
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Coca-Cola FEMSA from $91.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, August 17th. StockNews.com assumed coverage on shares of Coca-Cola FEMSA in a research report on Thursday, October 5th. They set a “strong-buy” rating on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Coca-Cola FEMSA from $83.40 to $92.70 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola FEMSA presently has an average rating of “Moderate Buy” and an average target price of $103.78.
Coca-Cola FEMSA Company Profile
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.
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