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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $118.8333.

Several research firms have weighed in on KOF. JPMorgan Chase & Co. boosted their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. UBS Group raised their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Barclays lifted their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. HSBC reiterated a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in Coca Cola Femsa in the second quarter valued at $2,769,992,000. BlackRock Inc. acquired a new stake in Coca Cola Femsa during the 2nd quarter worth about $1,017,381,000. Danske Bank A S purchased a new position in shares of Coca Cola Femsa during the 2nd quarter valued at about $280,671,000. Stack Financial Management Inc acquired a new position in shares of Coca Cola Femsa in the 2nd quarter valued at about $26,079,000. Finally, Bank of America Corp DE lifted its holdings in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after buying an additional 274,894 shares during the period.

Coca Cola Femsa Price Performance

Shares of KOF opened at $108.69 on Tuesday. The firm has a market capitalization of $182.66 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The company’s fifty day moving average price is $106.50 and its 200-day moving average price is $105.29.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, equities research analysts predict that Coca Cola Femsa will post 6.75 EPS for the current 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 issued a $1.1248 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa’s payout ratio is currently 61.99%.

About Coca Cola Femsa

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.