MRP Capital Investments LLC Decreases Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

MRP Capital Investments LLC reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,670 shares of the company’s stock after selling 580 shares during the period. MRP Capital Investments LLC’s holdings in Coca-Cola FEMSA were worth $1,002,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. grew its stake in shares of Coca-Cola FEMSA by 5.4% in the second quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock valued at $230,000 after buying an additional 138 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Coca-Cola FEMSA by 4.4% during the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in shares of Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after purchasing an additional 154 shares during the period. Claro Advisors LLC grew its holdings in Coca-Cola FEMSA by 5.7% during the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after purchasing an additional 172 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after buying an additional 187 shares during the period.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $91.00 on Thursday. The firm has a market cap of $152.94 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. 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 simple moving average is $87.31 and its 200-day simple moving average is $91.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same quarter in the prior year, the firm posted $1.32 earnings per share. Equities analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were paid a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 13.20%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. UBS Group reduced their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Barclays raised their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA 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.