Creative Planning Boosts Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Creative Planning grew its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 13.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,842 shares of the company’s stock after acquiring an additional 1,184 shares during the period. Creative Planning’s holdings in Coca-Cola FEMSA were worth $845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Coca-Cola FEMSA during the 2nd quarter worth approximately $32,000. Blue Trust Inc. boosted its position in shares of Coca-Cola FEMSA by 490.1% in the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 397 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Coca-Cola FEMSA in the 1st quarter worth approximately $63,000. CWM LLC boosted its position in shares of Coca-Cola FEMSA by 49.9% in the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after purchasing an additional 284 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Coca-Cola FEMSA by 5,596.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,538 shares of the company’s stock worth $132,000 after purchasing an additional 1,511 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. UBS Group dropped their price target on 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 Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Buy” and a consensus target price of $101.91.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $87.19 on Friday. The business’s fifty day moving average price is $87.89 and its 200-day moving average price is $90.42. The stock has a market capitalization of $146.54 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.71 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. 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.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same period in the prior year, the firm earned $1.32 EPS. On average, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 14th will be issued a dividend of $0.7811 per share. The ex-dividend date of this dividend is Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s payout ratio is 12.32%.

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.