Principal Financial Group Inc. raised its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,752 shares of the company’s stock after purchasing an additional 30,975 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Coca Cola Femsa S.A.B. de C.V. worth $18,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 35.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,056 shares of the company’s stock valued at $174,000 after purchasing an additional 536 shares during the period. Stifel Financial Corp acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the 2nd quarter valued at about $212,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the 2nd quarter valued at about $229,000. Wetherby Asset Management Inc. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the 2nd quarter valued at about $237,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the second quarter valued at about $308,000. 6.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) opened at $69.60 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14,350.69, a PE ratio of 20.30, a P/E/G ratio of 1.00 and a beta of 0.91. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $59.44 and a 12-month high of $91.85.

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

KOF has been the topic of a number of recent research reports. Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Credit Suisse Group downgraded Coca Cola Femsa S.A.B. de C.V. 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. UBS AG raised Coca Cola Femsa S.A.B. de C.V. from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, BidaskClub downgraded Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $99.67.

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About Coca Cola Femsa S.A.B. de C.V.

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 S.A.B. de C.V. (NYSE:KOF)

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