Coca Cola Femsa (NYSE:KOF) Given New $110.00 Price Target at JPMorgan Chase & Co.

Coca Cola Femsa (NYSE:KOF) had its price target upped by JPMorgan Chase & Co. from $100.00 to $110.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Barclays increased their target price on shares of Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group increased their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.60.

Coca Cola Femsa Trading Down 0.7%

NYSE:KOF opened at $102.47 on Thursday. The firm’s fifty day moving average is $104.00 and its 200-day moving average is $96.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The firm has a market cap of $172.21 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.10 and a beta of 0.54.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Saturday, February 14th. The company reported $2.00 EPS for the quarter. The company had revenue of $4.31 billion for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. Equities analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 20th will be paid a $1.0873 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, April 20th. Coca Cola Femsa’s payout ratio is 61.91%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Boston Partners lifted its stake in shares of Coca Cola Femsa by 1.9% in the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock valued at $159,287,000 after buying an additional 31,499 shares in the last quarter. Bank of America Corp DE lifted its stake 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 buying an additional 274,894 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Coca Cola Femsa by 3.6% in the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock valued at $29,547,000 after buying an additional 10,713 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Coca Cola Femsa by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Coca Cola Femsa by 23.0% in the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after buying an additional 35,477 shares in the last quarter.

About Coca Cola Femsa

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.