Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Target Price at $111.20

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $111.20.

KOF has been the topic of several analyst reports. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective on the stock in a report on Wednesday, February 11th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Wednesday, January 28th. UBS Group lifted 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, Barclays upped their price target on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $111.89 on Tuesday. The stock has a 50 day simple moving average of $101.65 and a 200-day simple moving average of $91.28. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were paid a $0.9979 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 annualized dividend and a dividend yield of 3.6%. Coca Cola Femsa’s dividend payout ratio is 64.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 19.1% in the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after buying an additional 99 shares during the period. CWM LLC boosted its stake in shares of Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 119 shares in the last quarter. Signaturefd LLC grew its stake in Coca Cola Femsa by 22.7% in the 4th quarter. Signaturefd LLC now owns 708 shares of the company’s stock valued at $67,000 after acquiring an additional 131 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Coca Cola Femsa by 14.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after acquiring an additional 135 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its position in Coca Cola Femsa by 5.3% during the second quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock worth $266,000 after acquiring an additional 138 shares during the last quarter.

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.