Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $105.00 Average PT from Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $105.00.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Barclays set a $100.00 price objective on Coca Cola Femsa and gave the stock an “overweight” rating in a report on Thursday, July 31st. Zacks Research cut Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. UBS Group upped their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $85.82 on Wednesday. Coca Cola Femsa has a 52 week low of $72.68 and a 52 week high of $101.74. The business has a 50-day simple moving average of $84.17 and a 200 day simple moving average of $89.90. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a market cap of $144.23 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.09 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.89 billion. On average, research analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be issued a dividend of $1.0006 per share. The ex-dividend date is Tuesday, October 14th. This represents a $4.00 annualized dividend and a yield of 4.7%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 63.05%.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Coca Cola Femsa during the 1st quarter valued at about $8,782,000. GAMMA Investing LLC boosted its holdings in Coca Cola Femsa by 936.0% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock valued at $533,000 after acquiring an additional 5,279 shares during the period. HighTower Advisors LLC boosted its holdings in Coca Cola Femsa by 90.1% during the 1st quarter. HighTower Advisors LLC now owns 8,229 shares of the company’s stock valued at $751,000 after acquiring an additional 3,900 shares during the period. Ninety One UK Ltd purchased a new stake in Coca Cola Femsa during the 1st quarter valued at about $3,979,000. Finally, Leo Wealth LLC boosted its holdings in Coca Cola Femsa by 26.3% during the 1st quarter. Leo Wealth LLC now owns 17,220 shares of the company’s stock valued at $1,572,000 after acquiring an additional 3,590 shares during the period.

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.