Coca Cola Femsa (NYSE:KOF) Posts Earnings Results, Misses Estimates By $0.17 EPS

Coca Cola Femsa (NYSE:KOF) posted its quarterly earnings data on Tuesday. The company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.17), Zacks reports. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.

Coca Cola Femsa Price Performance

NYSE:KOF traded down $3.59 during mid-day trading on Monday, reaching $114.52. The stock had a trading volume of 171,123 shares, compared to its average volume of 166,890. The firm has a 50 day moving average price of $112.06 and a two-hundred day moving average price of $107.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $192.47 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.60 and a beta of 0.52. Coca Cola Femsa has a one year low of $84.93 and a one year high of $122.14.

Coca Cola Femsa Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were given a dividend of $1.0838 per share. The ex-dividend date was Friday, October 9th. This is a negative change from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a yield of 3.8%. Coca Cola Femsa’s dividend payout ratio (DPR) is 59.31%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $123.00 price objective on Coca Cola Femsa in a research note on Thursday, October 15th. HSBC reiterated a “hold” rating and issued a $116.00 price objective (down from $120.00) on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, UBS Group increased their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Coca Cola Femsa currently has an average rating of “Hold” and an average price target of $120.83.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.