Coca Cola Femsa (NYSE:KOF) Price Target Raised to $127.00

Coca Cola Femsa (NYSE:KOF) had its target price increased by JPMorgan Chase & Co. from $114.00 to $127.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. UBS Group cut their price objective on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Barclays upped their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.40.

Coca Cola Femsa Trading Up 1.2%

Coca Cola Femsa stock opened at $103.24 on Wednesday. The stock has a 50-day moving average price of $106.20 and a 200 day moving average price of $104.00. The company has a market capitalization of $173.51 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.53. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Sell-side analysts anticipate that Coca Cola Femsa will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 13th will be given a $1.1248 dividend. The ex-dividend date is Monday, July 13th. This represents a $4.50 annualized dividend and a yield of 4.4%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s payout ratio is currently 66.33%.

Hedge Funds Weigh In On Coca Cola Femsa

Several institutional investors have recently made changes to their positions in the company. Boston Partners boosted its holdings in Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after buying an additional 31,499 shares in the last quarter. Bank of America Corp DE increased its holdings in 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. Fort Washington Investment Advisors Inc. OH increased its holdings in Coca Cola Femsa by 0.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company’s stock valued at $48,465,000 after buying an additional 1,915 shares in the last quarter. Invesco Ltd. raised its position 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 worth $29,547,000 after acquiring an additional 10,713 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 worth $18,750,000 after acquiring an additional 14,687 shares during the period.

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.