Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $106.50 Consensus Target Price from Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been assigned an average recommendation of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $106.50.

Several equities analysts recently commented on the company. UBS Group boosted their target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Barclays boosted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 11th.

Coca-Cola FEMSA Stock Down 0.0%

KOF stock opened at $93.02 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $156.34 billion, a PE ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.63. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $101.74. The stock has a 50-day simple moving average of $93.03 and a two-hundred day simple moving average of $84.89.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, equities analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were 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 was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA’s payout ratio is presently 13.76%.

Institutional Inflows and Outflows

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

About Coca-Cola FEMSA

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.