UBS Group Boosts Coca-Cola FEMSA (NYSE:KOF) Price Target to $112.00

Coca-Cola FEMSA (NYSE:KOF) had its price target hoisted by UBS Group from $109.00 to $112.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an overweight rating in a research note on Friday, April 12th. StockNews.com lowered shares of Coca-Cola FEMSA from a strong-buy rating to a buy rating in a research note on Tuesday, April 9th. Finally, Scotiabank upgraded shares of Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $100.75.

Coca-Cola FEMSA Trading Down 2.1 %

KOF opened at $92.83 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.24. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company’s 50-day moving average is $97.26 and its 200 day moving average is $90.09.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the company earned $1.73 EPS. On average, equities research analysts anticipate that Coca-Cola FEMSA will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kathmere Capital Management LLC grew its position in shares of Coca-Cola FEMSA by 20.0% during the 1st quarter. Kathmere Capital Management LLC now owns 4,879 shares of the company’s stock valued at $474,000 after acquiring an additional 814 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of Coca-Cola FEMSA by 116.6% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 5,176 shares of the company’s stock valued at $503,000 after acquiring an additional 2,786 shares during the period. Ballentine Partners LLC grew its position in shares of Coca-Cola FEMSA by 20.5% during the 1st quarter. Ballentine Partners LLC now owns 2,664 shares of the company’s stock valued at $259,000 after acquiring an additional 453 shares during the period. Park Avenue Securities LLC grew its position in shares of 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 acquiring an additional 153 shares during the period. Finally, Symmetry Partners LLC grew its position in shares of Coca-Cola FEMSA by 18.1% during the 1st quarter. Symmetry Partners LLC now owns 6,979 shares of the company’s stock valued at $678,000 after acquiring an additional 1,070 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.