Coca-Cola FEMSA (NYSE:KOF) Given New $109.00 Price Target at UBS Group

Coca-Cola FEMSA (NYSE:KOF) had its target price hoisted by UBS Group from $106.00 to $109.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Finally, StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $106.50.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $93.03 on Monday. The stock has a market capitalization of $156.35 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.58. The business’s 50 day moving average is $91.86 and its two-hundred day moving average is $84.27. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Research analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were given a $0.8839 dividend. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.76%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently bought and sold shares of KOF. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC increased its position in Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Coca-Cola FEMSA during the 1st quarter worth about $41,000. Banque de Luxembourg S.A. acquired a new position in Coca-Cola FEMSA in the 4th quarter valued at about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca-Cola FEMSA in the 4th quarter valued at about $43,000.

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.