Coca-Cola FEMSA (NYSE:KOF) Price Target Raised to $110.00

Coca-Cola FEMSA (NYSE:KOF) had its price objective boosted by JPMorgan Chase & Co. from $107.00 to $110.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on KOF. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barclays lifted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Performance

Shares of KOF opened at $93.48 on Friday. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The company has a market capitalization of $157.12 billion, a PE ratio of 15.87, a PEG ratio of 0.62 and a beta of 0.58. The company’s 50 day moving average price is $87.97 and its 200 day moving average price is $83.42.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Research analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.8839 per share. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA’s dividend payout ratio is currently 12.66%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOF. Corvex Management LP raised its position in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after purchasing an additional 619,931 shares during the period. JPMorgan Chase & Co. lifted its position in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Northern Trust Corp boosted its holdings in Coca-Cola FEMSA by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after acquiring an additional 88,873 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at about $6,533,000.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.