Coca-Cola FEMSA (NYSE:KOF – Get Free Report) announced its earnings results on Wednesday. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03, reports. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%.
Coca-Cola FEMSA Price Performance
NYSE KOF traded up $1.19 on Friday, reaching $99.86. 22,946 shares of the stock traded hands, compared to its average volume of 163,125. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $96.77 and a 200-day moving average price of $90.80. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38.
Coca-Cola FEMSA Cuts Dividend
The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be given a dividend of $0.81 per share. This represents a yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 14.96%.
Analysts Set New Price Targets
View Our Latest Report on Coca-Cola FEMSA
Institutional Investors Weigh In On Coca-Cola FEMSA
Institutional investors and hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in Coca-Cola FEMSA by 0.8% during the 3rd quarter. Clearbridge Investments LLC now owns 96,111 shares of the company’s stock valued at $7,539,000 after purchasing an additional 734 shares in the last quarter. Sei Investments Co. raised its position in shares of Coca-Cola FEMSA by 17.3% in the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after acquiring an additional 24,017 shares in the last quarter. Dfpg Investments LLC grew its stake in Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock worth $616,000 after buying an additional 678 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Coca-Cola FEMSA by 11.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,175 shares of the company’s stock worth $490,000 after buying an additional 543 shares during the last quarter. Finally, Causeway Capital Management LLC grew its stake in Coca-Cola FEMSA by 13.1% during the 3rd quarter. Causeway Capital Management LLC now owns 126,594 shares of the company’s stock worth $9,930,000 after buying an additional 14,657 shares during the last quarter.
Coca-Cola FEMSA Company Profile
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.
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