Truist Financial Corp Sells 149 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Truist Financial Corp reduced its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,777 shares of the company’s stock after selling 149 shares during the quarter. Truist Financial Corp’s holdings in Coca-Cola FEMSA were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KOF. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA in the third quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA in the third quarter valued at $71,000. Journey Strategic Wealth LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $215,000. R Squared Ltd bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $216,000. Finally, D Orazio & Associates Inc. grew its stake in shares of Coca-Cola FEMSA by 8.5% in the third quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company’s stock valued at $258,000 after buying an additional 228 shares in the last quarter.

Coca-Cola FEMSA Trading Up 1.0 %

Shares of Coca-Cola FEMSA stock opened at $87.88 on Wednesday. The business has a fifty day simple moving average of $79.94 and a two-hundred day simple moving average of $82.84. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The company has a market capitalization of $147.70 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.62 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Barclays raised their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $104.00.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.