Virtu Financial LLC purchased a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,590 shares of the company’s stock, valued at approximately $1,280,000.

Several other institutional investors and hedge funds have also made changes to their positions in KOF. Principal Financial Group Inc. acquired a new position in shares of Coca Cola Femsa in the 2nd quarter valued at approximately $18,016,000. Macquarie Group Ltd. raised its position in shares of Coca Cola Femsa by 8.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,153,610 shares of the company’s stock valued at $182,354,000 after acquiring an additional 159,484 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Coca Cola Femsa by 105.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 167,027 shares of the company’s stock valued at $12,881,000 after acquiring an additional 85,893 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at approximately $4,480,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at approximately $3,533,000. 6.72% of the stock is currently owned by institutional investors.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) traded up $0.57 during midday trading on Tuesday, reaching $68.74. The company’s stock had a trading volume of 74,300 shares, compared to its average volume of 90,885. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $59.44 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 1.01. The firm has a market capitalization of $14,130.96, a price-to-earnings ratio of 19.99, a PEG ratio of 0.99 and a beta of 0.93.

The business also recently announced a semiannual dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were given a $0.8759 dividend. This represents a yield of 2.49%. The ex-dividend date was Friday, November 3rd. Coca Cola Femsa’s dividend payout ratio is presently 51.32%.

Several research firms recently issued reports on KOF. UBS raised Coca Cola Femsa from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Coca Cola Femsa from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Saturday, September 23rd. BidaskClub raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Credit Suisse Group lowered Coca Cola Femsa from an “outperform” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research report on Friday, November 17th. Finally, Citigroup raised Coca Cola Femsa from a “sell” rating to a “neutral” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Coca Cola Femsa presently has a consensus rating of “Hold” and a consensus target price of $99.67.

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About Coca Cola Femsa

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.

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

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