Truist Financial Corp Has $4.47 Million Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Truist Financial Corp reduced its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,201 shares of the company’s stock after selling 5,006 shares during the period. Truist Financial Corp’s holdings in Coca-Cola FEMSA were worth $4,467,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. lifted its stake in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after buying an additional 113 shares in the last quarter. Signaturefd LLC increased its holdings in Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 294 shares in the last quarter. NBC Securities Inc. bought a new stake in Coca-Cola FEMSA during the 3rd quarter worth approximately $105,000. Systematic Alpha Investments LLC purchased a new stake in shares of Coca-Cola FEMSA in the third quarter worth approximately $149,000. Finally, Ballentine Partners LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $209,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on KOF shares. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. UBS Group increased their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Trading Up 0.8 %

NYSE:KOF opened at $98.33 on Monday. The firm’s 50 day moving average is $96.61 and its 200 day moving average is $91.90. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $69.33 and a 12 month high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. Equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

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.