UBS Group Raises Coca-Cola FEMSA (NYSE:KOF) Price Target to $112.00

Coca-Cola FEMSA (NYSE:KOF) had its price objective lifted by UBS Group from $109.00 to $112.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on KOF. JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an overweight rating in a research note on Friday, April 12th. Scotiabank upgraded Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a research note on Friday, April 12th. Finally, StockNews.com cut Coca-Cola FEMSA from a strong-buy rating to a buy rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of Moderate Buy and an average target price of $100.75.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $93.28 on Tuesday. The business has a 50 day moving average price of $97.06 and a 200 day moving average price of $90.13. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.24.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. During the same quarter in the previous year, the firm earned $1.73 EPS. As a group, research analysts predict that Coca-Cola FEMSA will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 15.34%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently modified their holdings of KOF. Millennium Management LLC purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $23,978,000. Bank of America Corp DE raised its stake in shares of Coca-Cola FEMSA by 53.2% during the first quarter. Bank of America Corp DE now owns 696,964 shares of the company’s stock worth $56,085,000 after purchasing an additional 241,948 shares during the last quarter. Morgan Stanley raised its stake in shares of Coca-Cola FEMSA by 48.7% during the fourth quarter. Morgan Stanley now owns 537,866 shares of the company’s stock worth $36,510,000 after purchasing an additional 176,095 shares during the last quarter. BlackRock Inc. raised its stake in shares of Coca-Cola FEMSA by 20.8% during the third quarter. BlackRock Inc. now owns 855,672 shares of the company’s stock worth $49,964,000 after purchasing an additional 147,104 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Coca-Cola FEMSA by 21.6% during the second quarter. Goldman Sachs Group Inc. now owns 710,338 shares of the company’s stock worth $39,268,000 after purchasing an additional 126,365 shares during the last quarter.

About Coca-Cola FEMSA

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.