Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,515 shares of the company’s stock after selling 5,453 shares during the period. Millennium Management LLC’s holdings in Coca-Cola FEMSA were worth $11,804,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KOF. Ashton Thomas Private Wealth LLC acquired a new position in Coca-Cola FEMSA in the second quarter worth about $32,000. Blue Trust Inc. lifted its holdings in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after acquiring an additional 397 shares during the last quarter. ORG Partners LLC bought a new position in Coca-Cola FEMSA in the first quarter worth about $63,000. CWM LLC lifted its holdings in Coca-Cola FEMSA by 49.9% in the second quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after acquiring an additional 284 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Coca-Cola FEMSA by 5,596.3% in the second quarter. Fifth Third Bancorp now owns 1,538 shares of the company’s stock worth $132,000 after acquiring an additional 1,511 shares during the last quarter.

Coca-Cola FEMSA Trading Down 2.3 %

Coca-Cola FEMSA stock opened at $87.07 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a market cap of $146.34 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.74 and a beta of 0.86. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $69.33 and a 1 year high of $104.38. The firm’s 50 day moving average price is $88.02 and its two-hundred day moving average price is $90.59.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter in the previous year, the business posted $1.32 earnings per share. On average, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 14th will be given a $0.7811 dividend. The ex-dividend date is Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 13.20%.

Analyst Ratings Changes

KOF has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Barclays lifted their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, UBS Group cut their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $101.91.

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.