Coca-Cola FEMSA (NYSE:KOF) Given New $102.00 Price Target at UBS Group

Coca-Cola FEMSA (NYSE:KOFFree Report) had its price objective decreased by UBS Group from $112.00 to $102.00 in a research note released on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also weighed in on KOF. Scotiabank raised Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their price target on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Finally, StockNews.com raised Coca-Cola FEMSA from a buy rating to a strong-buy rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $98.45.

View Our Latest Stock Analysis on KOF

Coca-Cola FEMSA Trading Up 2.6 %

NYSE:KOF opened at $85.29 on Wednesday. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38. The business’s 50-day moving average price is $90.90 and its two-hundred day moving average price is $94.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.67 billion. As a group, research analysts expect that Coca-Cola FEMSA will post 6.65 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 15th will be given a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Benjamin F. Edwards & Company Inc. acquired a new stake in Coca-Cola FEMSA in the 4th quarter valued at approximately $29,000. Hartford Financial Management Inc. raised its position in Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after buying an additional 113 shares during the last quarter. Parallel Advisors LLC raised its position in Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after buying an additional 248 shares during the last quarter. ORG Partners LLC acquired a new stake in Coca-Cola FEMSA in the 1st quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC raised its position in Coca-Cola FEMSA by 194.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock valued at $73,000 after buying an additional 509 shares during the last quarter.

About Coca-Cola FEMSA

(Get Free Report)

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.

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