Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $100.75 Average PT from Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $100.75.

Several research firms have recently commented on KOF. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Finally, UBS Group lifted their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Coca-Cola FEMSA by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after purchasing an additional 97,238 shares during the period. Envestnet Asset Management Inc. boosted its stake in Coca-Cola FEMSA by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock valued at $22,066,000 after purchasing an additional 65,407 shares during the period. Natixis Advisors L.P. boosted its stake in Coca-Cola FEMSA by 4.3% during the 4th quarter. Natixis Advisors L.P. now owns 233,323 shares of the company’s stock valued at $22,081,000 after purchasing an additional 9,537 shares during the period. CI Investments Inc. boosted its stake in Coca-Cola FEMSA by 13.8% during the 3rd quarter. CI Investments Inc. now owns 177,666 shares of the company’s stock valued at $13,936,000 after purchasing an additional 21,532 shares during the period. Finally, Sei Investments Co. boosted its stake in Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after purchasing an additional 24,017 shares during the period.

Coca-Cola FEMSA Price Performance

KOF opened at $94.53 on Wednesday. The company has a 50-day moving average of $96.86 and a 200-day moving average of $90.71. The company has a market capitalization of $158.87 billion, a P/E ratio of 17.90, a PEG ratio of 1.00 and a beta of 0.87. 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 quick ratio of 1.02 and a current ratio of 1.23.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%. During the same period in the previous year, the firm posted $1.73 EPS. Equities analysts expect that Coca-Cola FEMSA will post 6.57 EPS for the current fiscal year.

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 paid 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 payout ratio is 14.96%.

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.