StockNews.com Downgrades Coca-Cola FEMSA (NYSE:KOF) to Buy

StockNews.com cut shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a report issued on Tuesday.

A number of other research analysts have also commented on KOF. UBS Group upgraded shares of Coca-Cola FEMSA from a neutral rating to a buy rating and lifted their price objective for the company from $83.00 to $109.00 in a research note on Friday, January 12th. JPMorgan Chase & Co. upgraded shares of Coca-Cola FEMSA from a neutral rating to an overweight rating and boosted their price target for the stock from $89.00 to $102.00 in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $99.61.

Coca-Cola FEMSA Price Performance

Shares of KOF opened at $94.87 on Tuesday. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38. The stock has a market cap of $159.45 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. The firm has a fifty day moving average price of $97.60 and a 200 day moving average price of $89.49.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. During the same quarter in the prior year, the firm posted $1.73 earnings per share. As a group, sell-side analysts anticipate that Coca-Cola FEMSA will post 6.59 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be given a dividend of $0.81 per share. This represents a yield of 0.84%. The ex-dividend date of this dividend is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 15.34%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently made changes to their positions in KOF. Advisor Group Holdings Inc. increased its position in shares of Coca-Cola FEMSA by 367.9% in the first quarter. Advisor Group Holdings Inc. now owns 13,429 shares of the company’s stock worth $365,000 after acquiring an additional 10,559 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Coca-Cola FEMSA by 10.8% during the 1st quarter. Bank of New York Mellon Corp now owns 13,352 shares of the company’s stock valued at $734,000 after purchasing an additional 1,301 shares in the last quarter. Citigroup Inc. grew its holdings in Coca-Cola FEMSA by 23.4% during the 1st quarter. Citigroup Inc. now owns 31,532 shares of the company’s stock valued at $1,732,000 after purchasing an additional 5,986 shares in the last quarter. BlackRock Inc. grew its holdings in Coca-Cola FEMSA by 3.2% during the 1st quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock valued at $56,547,000 after purchasing an additional 31,937 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in Coca-Cola FEMSA during the 1st quarter valued at $974,000.

Coca-Cola FEMSA Company Profile

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 other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.