Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $100.75.

KOF has been the subject of several recent analyst reports. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, UBS Group increased their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $92.83 on Wednesday. The firm has a 50-day moving average of $97.26 and a 200-day moving average of $90.09. Coca-Cola FEMSA has a 52-week low of $69.33 and a 52-week high of $104.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the company earned $1.73 EPS. As a group, equities analysts forecast that Coca-Cola FEMSA will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders 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 is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio is presently 15.34%.

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in Coca-Cola FEMSA by 1.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,252 shares of the company’s stock valued at $970,000 after purchasing an additional 107 shares during the period. Hartford Financial Management Inc. increased its position in Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the period. IFP Advisors Inc increased its position in Coca-Cola FEMSA by 6.5% during the 2nd quarter. IFP Advisors Inc now owns 2,130 shares of the company’s stock valued at $177,000 after purchasing an additional 130 shares during the period. HighTower Advisors LLC increased its position in Coca-Cola FEMSA by 4.1% during the 1st quarter. HighTower Advisors LLC now owns 3,532 shares of the company’s stock valued at $282,000 after purchasing an additional 138 shares during the period. Finally, Park Avenue Securities LLC increased its position in Coca-Cola FEMSA by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock valued at $355,000 after purchasing an additional 153 shares during the period.

About Coca-Cola FEMSA

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.