Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $104.00.

KOF has been the topic of a number of research analyst reports. UBS Group reduced their target price on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Barclays restated an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, December 2nd. JPMorgan Chase & Co. decreased their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares in the last quarter. MAI Capital Management boosted its holdings in Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after acquiring an additional 201 shares during the period. Huntington National Bank acquired a new position in Coca Cola Femsa in the 3rd quarter valued at about $37,000. Bruce G. Allen Investments LLC acquired a new position in Coca Cola Femsa in the 2nd quarter valued at about $44,000. Finally, Triumph Capital Management purchased a new stake in Coca Cola Femsa during the third quarter worth about $49,000.

Coca Cola Femsa Stock Performance

NYSE:KOF opened at $94.78 on Monday. The company’s 50-day moving average is $90.38 and its two-hundred day moving average is $87.87. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The firm has a market capitalization of $159.29 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.21 and a beta of 0.51.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a $0.9979 dividend. This represents a $3.99 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is 64.29%.

Coca Cola Femsa Company Profile

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.