TrueMark Investments LLC Makes New $2.14 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• TrueMark Investments LLC has made a new investment of approximately $2.14 million in Coca Cola Femsa S.A.B. de C.V., purchasing 22,151 shares during the second quarter.
• Coca Cola Femsa's quarterly earnings report showed a missed earnings per share estimate of $1.30, compared to a consensus estimate of $1.52, with revenue of $3.74 billion.
• The company has announced a quarterly dividend of $1.0006 per share, marking an increase from the previous dividend of $0.87, with an annualized yield of 4.7%.

TrueMark Investments LLC purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,151 shares of the company's stock, valued at approximately $2,143,000.

A number of other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at approximately $44,000. Wayfinding Financial LLC acquired a new stake in shares of Coca Cola Femsa in the 1st quarter valued at approximately $41,000. CWM LLC boosted its holdings in shares of Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company's stock valued at $70,000 after buying an additional 119 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Coca Cola Femsa in the 1st quarter valued at approximately $83,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Coca Cola Femsa in the 1st quarter valued at approximately $204,000.

Coca Cola Femsa Trading Up 0.4%

Shares of Coca Cola Femsa stock opened at $85.82 on Friday. The business has a fifty day simple moving average of $84.17 and a two-hundred day simple moving average of $89.86. 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 market capitalization of $144.23 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.09 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted 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). The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. Research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be given a dividend of $1.0006 per share. This represents a $4.00 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, October 14th. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $0.87. Coca Cola Femsa's dividend payout ratio (DPR) is 63.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays set a $100.00 price objective on Coca Cola Femsa and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Zacks Research downgraded Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 24th. Weiss Ratings downgraded Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Coca Cola Femsa currently has an average rating of "Hold" and an average 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.

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