Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Buy” by Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $106.50.

A number of equities analysts have weighed in on KOF shares. Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Morgan Stanley raised Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, April 11th. UBS Group upped their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Wall Street Zen lowered Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Coca-Cola FEMSA in the first quarter valued at about $1,455,000. Ascent Group LLC purchased a new position in Coca-Cola FEMSA in the 1st quarter worth approximately $249,000. Jones Financial Companies Lllp grew its position in Coca-Cola FEMSA by 211.4% in the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Coca-Cola FEMSA by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after purchasing an additional 2,307 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Coca-Cola FEMSA during the first quarter valued at approximately $88,634,000.

Coca-Cola FEMSA Price Performance

Shares of NYSE:KOF opened at $98.01 on Thursday. The company has a market cap of $164.72 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.62 and a beta of 0.60. The business has a fifty day simple moving average of $94.67 and a 200-day simple moving average of $86.68. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $101.74. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities research analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a $0.8839 dividend. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA’s dividend payout ratio is currently 13.76%.

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.