Truist Financial Corp Buys 1,843 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Truist Financial Corp raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 43.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the company’s stock after purchasing an additional 1,843 shares during the quarter. Truist Financial Corp’s holdings in Coca Cola Femsa were worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in shares of Coca Cola Femsa in the 2nd quarter worth approximately $44,000. Wayfinding Financial LLC bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $41,000. GHP Investment Advisors Inc. bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $83,000. ORG Wealth Partners LLC lifted its holdings in shares of Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock worth $93,000 after acquiring an additional 264 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $204,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group upped their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $105.00.

Coca Cola Femsa Stock Up 0.5%

Shares of Coca Cola Femsa stock opened at $81.15 on Thursday. The company’s fifty day simple moving average is $84.15 and its two-hundred day simple moving average is $89.99. The company has a market cap of $136.38 billion, a P/E ratio of 14.21, a PEG ratio of 1.03 and a beta of 0.62. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. 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.

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

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be given a $1.0006 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s payout ratio is currently 63.05%.

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.