Martin Capital Partners LLC Has $4.95 Million Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Martin Capital Partners LLC increased its position in Coca Cola Femsa by 204.3% during the second quarter, bringing its holdings to 51,178 shares valued at approximately $4.95 million.
• Coca Cola Femsa reported a quarterly loss in EPS, posting $1.30 compared to the consensus estimate of $1.52, and its revenue was also below expectations at $3.74 billion.
• The company announced a quarterly dividend of $0.874 per share, which translates to an annual yield of 4.1% and a payout ratio of 60.42%.

Martin Capital Partners LLC boosted its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 204.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,178 shares of the company's stock after purchasing an additional 34,357 shares during the period. Coca Cola Femsa accounts for approximately 1.9% of Martin Capital Partners LLC's portfolio, making the stock its 27th biggest position. Martin Capital Partners LLC's holdings in Coca Cola Femsa were worth $4,950,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Coca Cola Femsa during the first quarter valued at about $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Coca Cola Femsa during the fourth quarter valued at about $43,000. NBC Securities Inc. bought a new position in Coca Cola Femsa during the first quarter valued at about $76,000. GHP Investment Advisors Inc. bought a new position in Coca Cola Femsa during the first quarter valued at about $83,000. Finally, ORG Wealth Partners LLC raised its holdings in Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after buying an additional 264 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. UBS Group boosted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Zacks Research lowered Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Barclays set a $100.00 price target on Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of "Moderate Buy" and an average target price of $105.50.

Coca Cola Femsa Stock Performance

Shares of Coca Cola Femsa stock opened at $85.76 on Monday. The firm has a fifty day moving average of $86.08 and a two-hundred day moving average of $90.85. The stock has a market capitalization of $144.13 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.05 and a beta of 0.64. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. As a group, equities research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a $0.874 dividend. This represents a $3.50 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is 60.42%.

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.

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