Coca Cola Femsa (NYSE:KOF) Given New $110.00 Price Target at Barclays

Coca Cola Femsa (NYSE:KOF) had its price objective raised by Barclays from $98.00 to $110.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group boosted their target price on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $112.11 on Tuesday. The business’s fifty day moving average price is $98.64 and its two-hundred day moving average price is $89.93. Coca Cola Femsa has a fifty-two week low of $77.50 and a fifty-two week high of $113.20. The stock has a market capitalization of $188.42 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90.

Coca Cola Femsa Cuts Dividend

The company 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. This represents a $3.99 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s payout ratio is currently 64.29%.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors have recently modified their holdings of the business. Boston Partners raised its position in shares of Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of Coca Cola Femsa by 5,257.1% during the second quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock worth $29,019,000 after purchasing an additional 294,400 shares during the period. Bank of America Corp DE grew its stake in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Coca Cola Femsa in the third quarter valued at about $12,584,000. Finally, Lakewood Capital Management LP acquired a new position in Coca Cola Femsa in the third quarter valued at about $10,953,000.

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.