Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $104.00.

A number of research firms have recently commented on KOF. Barclays reiterated an “equal weight” rating and set a $98.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday. UBS Group decreased their price target on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Investors Weigh In On Coca Cola Femsa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Boston Partners lifted its holdings in Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after purchasing an additional 1,644,614 shares during the last quarter. Bank of America Corp DE raised its position in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Cullen Capital Management LLC lifted its stake in shares of Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after buying an additional 12,312 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Coca Cola Femsa by 4.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock worth $35,944,000 after buying an additional 14,773 shares during the period. Finally, Invesco Ltd. boosted its holdings in Coca Cola Femsa by 34.6% in the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after buying an additional 77,475 shares during the period.

Coca Cola Femsa Stock Performance

KOF stock opened at $96.47 on Monday. The firm has a market cap of $162.13 billion, a PE ratio of 16.81, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $89.37 and a 200-day moving average of $87.92. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio is currently 64.29%.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.