Coca-Cola FEMSA (NYSE:KOF) Upgraded by Scotiabank to Sector Outperform

Scotiabank upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a sector perform rating to a sector outperform rating in a research note published on Friday morning, Marketbeat.com reports.

Other research analysts have also recently issued research reports about the company. UBS Group raised Coca-Cola FEMSA from a neutral rating to a buy rating and upped their price target for the company from $83.00 to $109.00 in a research report on Friday, January 12th. StockNews.com cut Coca-Cola FEMSA from a strong-buy rating to a buy rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised Coca-Cola FEMSA from a neutral rating to an overweight rating and increased their price objective for the stock from $89.00 to $102.00 in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $100.32.

Coca-Cola FEMSA Trading Down 2.4 %

KOF stock opened at $94.78 on Friday. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $97.36 and its two-hundred day simple moving average is $89.99.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company earned $1.73 EPS. On average, equities analysts expect that Coca-Cola FEMSA will post 6.57 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 15.34%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in Coca-Cola FEMSA in the 4th quarter worth about $29,000. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after acquiring an additional 113 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in Coca-Cola FEMSA in the 2nd quarter worth about $51,000. Parallel Advisors LLC increased its position in shares of Coca-Cola FEMSA by 74.9% during the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after purchasing an additional 248 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 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.