Truist Financial Corp Lowers Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Truist Financial Corp trimmed its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 18.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,413 shares of the company’s stock after selling 1,024 shares during the quarter. Truist Financial Corp’s holdings in Coca-Cola FEMSA were worth $379,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $32,000. Blue Trust Inc. lifted its position in Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares in the last quarter. ORG Partners LLC acquired a new position in Coca-Cola FEMSA during the first quarter valued at approximately $63,000. CWM LLC lifted its position in Coca-Cola FEMSA by 49.9% during the second quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after buying an additional 284 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Coca-Cola FEMSA by 5,596.3% during the second quarter. Fifth Third Bancorp now owns 1,538 shares of the company’s stock valued at $132,000 after buying an additional 1,511 shares in the last quarter.

Coca-Cola FEMSA Trading Down 0.6 %

NYSE KOF opened at $86.84 on Friday. The company’s fifty day simple moving average is $87.99 and its 200-day simple moving average is $90.15. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week 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 market cap of $145.95 billion, a P/E ratio of 15.29, a PEG ratio of 0.71 and a beta of 0.86.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $1.32 earnings per share. Equities 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 business also recently declared a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be paid a $0.7811 dividend. The ex-dividend date is Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 12.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. UBS Group reduced their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $101.91.

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.