Harding Loevner LP Has $18,083,000 Stake in Coca-Cola FEMSA SAB (KOF)
Harding Loevner LP continued to hold its position in shares of Coca-Cola FEMSA SAB (NYSE:KOF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,110 shares of the company’s stock at the end of the third quarter. Harding Loevner LP owned 0.12% of Coca-Cola FEMSA SAB worth $18,083,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AMP Capital Investors Ltd acquired a new position in shares of Coca-Cola FEMSA SAB during the first quarter worth about $266,000. Hexavest Inc. increased its stake in Coca-Cola FEMSA SAB by 39.6% in the second quarter. Hexavest Inc. now owns 4,369 shares of the company’s stock worth $362,000 after buying an additional 1,240 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in Coca-Cola FEMSA SAB by 16.0% in the second quarter. Comgest Global Investors S.A.S. now owns 501,670 shares of the company’s stock worth $41,618,000 after buying an additional 69,163 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Coca-Cola FEMSA SAB by 32.9% in the first quarter. Panagora Asset Management Inc. now owns 87,402 shares of the company’s stock worth $7,259,000 after buying an additional 21,637 shares in the last quarter. Finally, Pring Turner Capital Group Inc. purchased a new stake in Coca-Cola FEMSA SAB during the second quarter worth approximately $2,533,000. Institutional investors own 5.73% of the company’s stock.
Shares of Coca-Cola FEMSA SAB (NYSE:KOF) traded up 1.41% during midday trading on Monday, hitting $65.35. The stock had a trading volume of 53,003 shares. Coca-Cola FEMSA SAB has a 52 week low of $61.17 and a 52 week high of $87.58. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 28.10 and a beta of 0.90. The stock has a 50 day moving average price of $74.59 and a 200-day moving average price of $77.49.
The firm also recently declared a dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were given a dividend of $0.903 per share. The ex-dividend date of this dividend was Thursday, October 27th. Coca-Cola FEMSA SAB’s dividend payout ratio (DPR) is presently 68.44%.
A number of analysts have recently commented on KOF shares. Citigroup Inc. downgraded Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $76.50 to $73.00 in a research note on Sunday, July 24th. Zacks Investment Research downgraded Coca-Cola FEMSA SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Scotiabank reissued a “sector perform” rating and issued a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG raised Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $91.33.
Coca-Cola FEMSA SAB Company Profile
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
Receive News & Stock Ratings for Coca-Cola FEMSA SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA SAB and related stocks with our FREE daily email newsletter.