Coca-Cola FEMSA (NYSE:KOF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Coca-Cola FEMSA (NYSE:KOF) announced its quarterly earnings results on Wednesday. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03, reports. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates 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

Shares of 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 debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.23. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38. The stock’s 50-day moving average price is $96.77 and its 200-day moving average price is $90.80.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be given a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio is presently 14.96%.

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently modified their holdings of KOF. Commonwealth Equity Services LLC boosted its stake in Coca-Cola FEMSA by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,877 shares of the company’s stock valued at $304,000 after buying an additional 201 shares in the last quarter. Veracity Capital LLC boosted its stake in Coca-Cola FEMSA by 16.3% in the 3rd quarter. Veracity Capital LLC now owns 5,962 shares of the company’s stock valued at $468,000 after buying an additional 835 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $272,000. Panagora Asset Management Inc. boosted its stake in Coca-Cola FEMSA by 17.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 62,119 shares of the company’s stock valued at $4,873,000 after buying an additional 9,023 shares in the last quarter. Finally, Aubrey Capital Management Ltd boosted its stake in Coca-Cola FEMSA by 1.6% in the 3rd quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock valued at $10,120,000 after buying an additional 2,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have commented on KOF. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. UBS Group lifted their price target on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.75.

About Coca-Cola FEMSA

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.