Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Position Raised by ARGA Investment Management LP

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ARGA Investment Management LP increased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 109.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 452,227 shares of the company’s stock after buying an additional 236,648 shares during the period. Coca-Cola FEMSA comprises approximately 3.9% of ARGA Investment Management LP’s holdings, making the stock its 6th biggest holding. ARGA Investment Management LP owned about 0.22% of Coca-Cola FEMSA worth $27,694,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Coca-Cola FEMSA by 126.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock worth $133,000 after purchasing an additional 1,313 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at about $264,000. Citadel Advisors LLC acquired a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at about $388,000. GFS Advisors LLC boosted its holdings in shares of Coca-Cola FEMSA by 77.9% in the 2nd quarter. GFS Advisors LLC now owns 9,480 shares of the company’s stock valued at $535,000 after buying an additional 4,150 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Coca-Cola FEMSA by 73.4% in the 2nd quarter. BlackRock Inc. now owns 10,619 shares of the company’s stock valued at $599,000 after buying an additional 4,494 shares during the period. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

KOF has been the subject of several research reports. Zacks Investment Research lowered shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. UBS Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 2nd. Santander raised shares of Coca-Cola FEMSA from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. ValuEngine raised shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola FEMSA from $66.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $91.00.

Coca-Cola FEMSA stock traded up $0.21 during midday trading on Wednesday, reaching $57.47. 815 shares of the stock traded hands, compared to its average volume of 110,121. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.97. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $54.53 and a fifty-two week high of $79.42.

The company also recently announced a dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.872 per share. The ex-dividend date is Tuesday, October 30th. Coca-Cola FEMSA’s payout ratio is 53.68%.

About Coca-Cola FEMSA

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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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