Martin Capital Partners LLC Boosts 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 holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 204.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,178 shares of the company's stock after purchasing an additional 34,357 shares during the quarter. Coca Cola Femsa comprises 1.9% of Martin Capital Partners LLC's investment portfolio, making the stock its 27th largest holding. Martin Capital Partners LLC's holdings in Coca Cola Femsa were worth $4,950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Coca Cola Femsa by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after purchasing an additional 149 shares during the last quarter. ORG Wealth Partners LLC raised its position in Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after purchasing an additional 264 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Coca Cola Femsa by 9.7% in the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after purchasing an additional 312 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Coca Cola Femsa by 9.6% during the 1st quarter. Legacy Financial Advisors Inc. now owns 3,773 shares of the company's stock worth $344,000 after buying an additional 330 shares during the last quarter. Finally, Veracity Capital LLC raised its position in Coca Cola Femsa by 4.9% during the 1st quarter. Veracity Capital LLC now owns 9,167 shares of the company's stock worth $837,000 after buying an additional 428 shares during the last quarter.

Coca Cola Femsa Trading Up 1.3%

Shares of KOF stock traded up $1.11 during trading hours on Friday, hitting $83.99. 78,549 shares of the company were exchanged, compared to its average volume of 221,077. The firm has a market cap of $141.15 billion, a PE ratio of 14.71, a PEG ratio of 1.08 and a beta of 0.64. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $85.44 and a 200 day moving average of $90.73.

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

Coca Cola Femsa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were issued a $0.874 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 annualized dividend and a yield of 4.2%. Coca Cola Femsa's dividend payout ratio (DPR) is presently 60.42%.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent analyst reports. Zacks Research cut shares of 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 objective on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. UBS Group increased their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

Coca Cola Femsa Company Profile

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.