Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Consensus Recommendation of “Hold” from Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $118.8333.

Several brokerages have weighed in on KOF. Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays raised their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. UBS Group lifted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. HSBC reissued a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Paladin Partners LLC bought a new position in shares of Coca Cola Femsa during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares during the period. Whipplewood Advisors LLC grew its position in Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Coca Cola Femsa in the 2nd quarter valued at $46,000.

Coca Cola Femsa Price Performance

KOF stock opened at $108.90 on Tuesday. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $106.35 and a two-hundred day simple moving average of $105.15. The firm has a market capitalization of $183.02 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. Analysts anticipate that Coca Cola Femsa will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a $1.1248 dividend. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.