Creative Planning Acquires 1,184 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Creative Planning boosted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,842 shares of the company’s stock after buying an additional 1,184 shares during the period. Creative Planning’s holdings in Coca-Cola FEMSA were worth $845,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC boosted its stake in Coca-Cola FEMSA by 5.3% during the second quarter. Kathmere Capital Management LLC now owns 5,137 shares of the company’s stock valued at $441,000 after buying an additional 258 shares during the period. Marshall Wace LLP bought a new stake in Coca-Cola FEMSA during the second quarter worth about $7,708,000. Itau Unibanco Holding S.A. lifted its stake in Coca-Cola FEMSA by 13.9% during the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after purchasing an additional 62,282 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in Coca-Cola FEMSA during the second quarter worth about $268,000. Finally, Sei Investments Co. lifted its stake in Coca-Cola FEMSA by 7.7% during the second quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock worth $14,359,000 after purchasing an additional 11,920 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on KOF. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. UBS Group dropped their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays lifted their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average price target of $101.91.

Coca-Cola FEMSA Trading Up 0.2 %

NYSE KOF opened at $87.19 on Friday. 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 company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $87.89 and a 200-day moving average of $90.42. The firm has a market cap of $146.54 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company posted $1.32 EPS. As a group, sell-side analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be issued a dividend of $0.7811 per share. The ex-dividend date is Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is presently 12.32%.

Coca-Cola FEMSA Company Profile

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.