Coca Cola FEMSA (NYSE:KOF) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities assumed coverage on shares of Coca Cola FEMSA (NYSE:KOF) in a report issued on Monday morning,Zacks reports. The brokerage issued a hold rating on the stock.

A number of other brokerages also recently issued reports on KOF. JPMorgan Chase & Co. lifted their price target on shares of Coca Cola FEMSA from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen cut shares of Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. The Goldman Sachs Group restated a “buy” rating and set a $129.00 price objective on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. Weiss Ratings cut shares of Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Finally, HSBC cut shares of Coca Cola FEMSA from a “buy” rating to a “hold” rating and dropped their target price for the stock from $120.00 to $116.00 in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.43.

Coca Cola FEMSA Trading Down 0.0%

Coca Cola FEMSA stock opened at $116.39 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 0.96. Coca Cola FEMSA has a one year low of $85.38 and a one year high of $122.14. The stock has a market capitalization of $195.62 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. The business’s fifty day moving average is $112.57 and its 200 day moving average is $107.24.

Coca Cola FEMSA (NYSE:KOF) last issued its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. On average, sell-side analysts predict that Coca Cola FEMSA will post 6.98 EPS for the current year.

Coca Cola FEMSA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were given a dividend of $1.0838 per share. This represents a $4.34 dividend on an annualized basis and a yield of 3.7%. This is a drop from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. The ex-dividend date was Friday, October 9th. Coca Cola FEMSA’s dividend payout ratio (DPR) is currently 57.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 valued at $42,000 after purchasing an additional 388 shares during the period. KBC Group NV bought a new position in shares of Coca Cola FEMSA in the 1st quarter worth approximately $69,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Coca Cola FEMSA in the 3rd quarter worth approximately $85,000. Community Financial Services Group LLC bought a new position in shares of Coca Cola FEMSA in the 2nd quarter worth approximately $92,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Coca Cola FEMSA by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock worth $134,000 after purchasing an additional 101 shares during the period.

About Coca Cola FEMSA

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.