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

Coca-Cola FEMSA (NYSE:KOFGet Rating) is scheduled to be issuing its quarterly earnings data 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 released its earnings results on Thursday, February 24th. The company reported $1.34 EPS for the quarter, topping 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 firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate 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 NYSE:KOF opened at $54.20 on Wednesday. Coca-Cola FEMSA has a 12-month low of $46.62 and a 12-month high of $59.07. The company has a market capitalization of $91.09 billion, a PE ratio of 14.73, a PEG ratio of 2.84 and a beta of 0.86. The business has a 50 day moving average of $54.05 and a two-hundred day moving average of $53.47. The company has a current ratio of 1.74, a quick ratio of 1.48 and a debt-to-equity ratio of 0.65.

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, May 2nd will be given a $1.3528 dividend. The ex-dividend date of this dividend is Friday, April 29th. This is a boost from Coca-Cola FEMSA’s previous semi-annual dividend of $1.24. This represents a dividend yield of 4.5%. Coca-Cola FEMSA’s payout ratio is 65.76%.

Several hedge funds and other institutional investors have recently modified their holdings of KOF. Goldman Sachs Group Inc. increased its holdings in shares of Coca-Cola FEMSA by 41.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 624,857 shares of the company’s stock valued at $34,236,000 after purchasing an additional 181,909 shares during the period. Morgan Stanley boosted its position in Coca-Cola FEMSA by 66.7% during the second quarter. Morgan Stanley now owns 204,247 shares of the company’s stock worth $10,811,000 after purchasing an additional 81,688 shares in the last quarter. Sei Investments Co. boosted its position in Coca-Cola FEMSA by 14.7% during the fourth quarter. Sei Investments Co. now owns 95,268 shares of the company’s stock worth $5,220,000 after purchasing an additional 12,174 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Coca-Cola FEMSA by 807.7% during the fourth quarter. JPMorgan Chase & Co. now owns 52,457 shares of the company’s stock worth $2,874,000 after purchasing an additional 46,678 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Coca-Cola FEMSA by 169.1% during the fourth quarter. LPL Financial LLC now owns 23,316 shares of the company’s stock worth $1,277,000 after purchasing an additional 14,652 shares in the last quarter. 4.46% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on KOF shares. The Goldman Sachs Group cut Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and set a $59.00 price target for the company. in a research report on Tuesday, January 18th. StockNews.com started coverage on Coca-Cola FEMSA in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Zacks Investment Research cut Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, HSBC cut Coca-Cola FEMSA from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Thursday, January 20th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $59.00.

Coca-Cola FEMSA Company Profile (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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