M&T Bank Corp Sells 750 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

M&T Bank Corp lowered its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,015 shares of the company’s stock after selling 750 shares during the quarter. M&T Bank Corp’s holdings in Coca-Cola FEMSA were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its stake in Coca-Cola FEMSA by 2.3% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 6,808 shares of the company’s stock worth $548,000 after purchasing an additional 156 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Coca-Cola FEMSA by 2.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,640 shares of the company’s stock valued at $534,000 after acquiring an additional 175 shares during the last quarter. Chase Investment Counsel Corp boosted its position in shares of Coca-Cola FEMSA by 4.2% during the 1st quarter. Chase Investment Counsel Corp now owns 5,252 shares of the company’s stock valued at $422,000 after acquiring an additional 214 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Coca-Cola FEMSA by 16.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock valued at $106,000 after acquiring an additional 257 shares during the last quarter. Finally, Veracity Capital LLC boosted its position in shares of Coca-Cola FEMSA by 6.1% during the 1st quarter. Veracity Capital LLC now owns 4,735 shares of the company’s stock valued at $381,000 after acquiring an additional 271 shares during the last quarter.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $84.69 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.97. The business’s 50 day simple moving average is $83.87 and its two-hundred day simple moving average is $82.57. The stock has a market capitalization of $142.34 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.18 and a beta of 0.77. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $55.84 and a one year high of $91.23.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.03). The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Coca-Cola FEMSA had a return on equity of 16.11% and a net margin of 8.56%. Analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.51 EPS for the current year.

Analysts Set New Price Targets

KOF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Coca-Cola FEMSA from $91.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th. HSBC upgraded Coca-Cola FEMSA from a “hold” rating to a “buy” rating and lifted their price target for the company from $74.00 to $108.00 in a research report on Wednesday, June 7th. Scotiabank downgraded Coca-Cola FEMSA from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 29th. Barclays raised their price objective on Coca-Cola FEMSA from $91.00 to $95.00 in a report on Tuesday, June 6th. Finally, The Goldman Sachs Group raised their price objective on Coca-Cola FEMSA from $83.40 to $92.70 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.78.

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.