Coca-Cola FEMSA (KOF) to Release Earnings on Thursday

Coca-Cola FEMSA (NYSE:KOFGet Rating) is set to announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.42. Coca-Cola FEMSA had a return on equity of 12.90% and a net margin of 8.07%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.50 billion. On average, analysts expect Coca-Cola FEMSA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of KOF opened at $54.20 on Wednesday. The stock has a market capitalization of $91.09 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.84 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.48 and a current ratio of 1.74. Coca-Cola FEMSA has a 52 week low of $46.62 and a 52 week high of $59.07. The stock has a fifty day moving average of $54.05 and a 200-day moving average of $53.47.

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 13th. Investors of record on Monday, May 2nd will be given a dividend of $1.3528 per share. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $1.24. This represents a yield of 4.5%. The ex-dividend date is Friday, April 29th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 65.76%.

A number of brokerages have weighed in on KOF. HSBC downgraded Coca-Cola FEMSA from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Thursday, January 20th. Zacks Investment Research downgraded Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a report on Wednesday. StockNews.com initiated coverage on Coca-Cola FEMSA in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, The Goldman Sachs Group downgraded Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a research note on Tuesday, January 18th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $59.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in KOF. Monolith Advisors bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $48,000. Virtu Financial LLC bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $405,000. LPL Financial LLC lifted its stake in Coca-Cola FEMSA by 10.2% in the third quarter. LPL Financial LLC now owns 8,664 shares of the company’s stock valued at $488,000 after purchasing an additional 805 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Coca-Cola FEMSA by 53.1% in the fourth quarter. Advisors Asset Management Inc. now owns 9,233 shares of the company’s stock valued at $506,000 after purchasing an additional 3,204 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Coca-Cola FEMSA by 18.7% in the third quarter. Bank of New York Mellon Corp now owns 14,065 shares of the company’s stock valued at $791,000 after purchasing an additional 2,216 shares during the last quarter. 4.46% of the stock is currently owned by institutional investors and hedge funds.

About Coca-Cola FEMSA (Get Rating)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.

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Earnings History for Coca-Cola FEMSA (NYSE:KOF)

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