Blue Trust Inc. Buys 397 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Blue Trust Inc. grew its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 490.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 478 shares of the company’s stock after purchasing an additional 397 shares during the quarter. Blue Trust Inc.’s holdings in Coca-Cola FEMSA were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KOF. Benjamin F. Edwards & Company Inc. purchased a new position in Coca-Cola FEMSA during the 4th quarter valued at about $29,000. Parallel Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 74.9% during the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after acquiring an additional 248 shares in the last quarter. ORG Partners LLC purchased a new stake in Coca-Cola FEMSA in the first quarter worth $63,000. CWM LLC boosted its holdings in Coca-Cola FEMSA by 49.9% in the second quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after acquiring an additional 284 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Coca-Cola FEMSA during the 2nd quarter valued at $168,000.

Analyst Ratings Changes

KOF has been the topic of a number of research reports. UBS Group cut their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Barclays lifted their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Trading Up 1.7 %

Shares of NYSE KOF opened at $89.33 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 debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The firm has a 50-day moving average of $86.42 and a 200 day moving average of $92.97. The stock has a market cap of $150.13 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.32 earnings per share. As a group, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.59 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 15th were issued a dividend of $0.8325 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s payout ratio is presently 13.20%.

Coca-Cola FEMSA 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.