Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Price Target at $104.67

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $104.6667.

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group upped their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays reissued an “equal weight” rating and issued a $98.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Finally, Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th.

Institutional Trading of Coca Cola Femsa

A number of institutional investors have recently modified their holdings of KOF. NewEdge Advisors LLC boosted its holdings in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after buying an additional 2,307 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after acquiring an additional 3,351 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter worth $308,000. Ballentine Partners LLC boosted its holdings in shares of Coca Cola Femsa by 7.7% in the second quarter. Ballentine Partners LLC now owns 2,413 shares of the company’s stock worth $233,000 after acquiring an additional 173 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Coca Cola Femsa by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,355 shares of the company’s stock valued at $2,259,000 after purchasing an additional 1,229 shares in the last quarter.

Coca Cola Femsa Stock Up 1.7%

KOF stock opened at $106.57 on Friday. The stock has a market cap of $179.04 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.36 and a beta of 0.51. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $93.82 and its two-hundred day simple moving average is $88.34. Coca Cola Femsa has a 1-year low of $75.26 and a 1-year high of $106.65.

Coca Cola Femsa (NYSE:KOF) last released its 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. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%. Analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were issued a dividend of $0.9979 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 annualized dividend and a yield of 3.7%. Coca Cola Femsa’s dividend payout ratio is 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.