Coca Cola FEMSA (NYSE:KOF) Research Coverage Started at Itau BBA Securities

Itau BBA Securities started coverage on shares of Coca Cola FEMSA (NYSE:KOF) in a research report report published on Monday,Zacks reports. The brokerage issued a hold rating on the stock.

Other analysts also recently issued reports about the company. The Goldman Sachs Group reissued a “buy” rating and issued a $129.00 target price on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. Barclays upped their price target on Coca Cola FEMSA from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings lowered Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Wall Street Zen cut Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, HSBC cut shares of Coca Cola FEMSA from a “buy” rating to a “hold” rating and dropped their price target for the company from $120.00 to $116.00 in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $121.43.

Coca Cola FEMSA Stock Down 0.0%

Shares of NYSE KOF opened at $116.39 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 0.96. The company has a 50-day moving average price of $112.57 and a 200-day moving average price of $107.24. The stock has a market capitalization of $195.62 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.58 and a beta of 0.54. Coca Cola FEMSA has a 1 year low of $85.38 and a 1 year high of $122.14.

Coca Cola FEMSA (NYSE:KOF) last posted its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. On average, equities research analysts forecast that Coca Cola FEMSA will post 6.98 EPS for the current fiscal year.

Coca Cola FEMSA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were issued a dividend of $1.0838 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.7%. This is a decrease from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. Coca Cola FEMSA’s payout ratio is presently 57.40%.

Institutional Investors Weigh In On Coca Cola FEMSA

Large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Coca Cola FEMSA by 7.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 512,996 shares of the company’s stock valued at $55,424,000 after purchasing an additional 36,098 shares in the last quarter. Stack Financial Management Inc purchased a new position in Coca Cola FEMSA during the second quarter valued at $26,079,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Coca Cola FEMSA during the 2nd quarter valued at $12,512,000. Everett Harris & Co. CA bought a new stake in shares of Coca Cola FEMSA during the 2nd quarter valued at $7,619,000. Finally, BIP Wealth LLC purchased a new stake in shares of Coca Cola FEMSA in the 2nd quarter worth about $6,129,000.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.