Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Hold” by Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $118.8333.

KOF has been the topic of several recent analyst reports. UBS Group upped their target price 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. HSBC reissued a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. Finally, Barclays lifted their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th.

Coca Cola Femsa Price Performance

NYSE KOF opened at $110.49 on Friday. The firm’s fifty day simple moving average is $108.61 and its two-hundred day simple moving average is $105.61. The firm has a market capitalization of $185.70 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.49 and a beta of 0.52. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $117.09.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Analysts forecast that Coca Cola Femsa will post 7.03 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

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

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds have recently bought and sold shares of the stock. Summit Global Investments acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $4,921,000. Everett Harris & Co. CA purchased a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $7,619,000. ABC Arbitrage SA lifted its position in shares of Coca Cola Femsa by 108.1% during the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after buying an additional 11,225 shares in the last quarter. Stack Financial Management Inc acquired a new stake in Coca Cola Femsa in the 2nd quarter valued at $26,079,000. Finally, BIP Wealth LLC acquired a new stake in Coca Cola Femsa in the 2nd quarter valued at $6,129,000.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.