Coca Cola Femsa (NYSE:KOF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF) from a buy rating to a strong-buy rating in a report released on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. UBS Group boosted their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. HSBC restated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, Barclays lifted their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Stock Performance

Shares of Coca Cola Femsa stock opened at $108.90 on Friday. The company has a market capitalization of $183.02 billion, a PE ratio of 17.18, a PEG ratio of 1.35 and a beta of 0.52. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $106.35 and its 200 day simple moving average is $105.15.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion during the quarter. On average, research analysts predict that Coca Cola Femsa will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s payout ratio is currently 62.15%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Paladin Partners LLC bought a new stake in Coca Cola Femsa in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 275 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $46,000.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.