PNC Financial Services Group Inc. Has $429,000 Stock Holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

PNC Financial Services Group Inc. decreased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 12.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,701 shares of the company’s stock after selling 648 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Coca Cola Femsa were worth $429,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Coca Cola Femsa during the 1st quarter worth $41,000. Banque de Luxembourg S.A. acquired a new stake in Coca Cola Femsa during the 4th quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca Cola Femsa during the 4th quarter worth $43,000. Parvin Asset Management LLC acquired a new stake in Coca Cola Femsa during the 4th quarter worth $56,000. Finally, NBC Securities Inc. acquired a new stake in Coca Cola Femsa during the 1st quarter worth $76,000.

Analyst Ratings Changes

KOF has been the subject of a number of analyst reports. Morgan Stanley raised shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. UBS Group lifted their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.50.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $83.63 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $101.74. The firm has a market capitalization of $140.55 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $90.75 and a 200-day moving average of $90.37.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. On average, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa’s dividend payout ratio is 60.42%.

Coca Cola Femsa 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.