Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $117.40 Consensus Target Price from Brokerages

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $117.40.

KOF has been the topic of several recent analyst reports. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Barclays raised their price target on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. UBS Group decreased their price target on Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th.

Hedge Funds Weigh In On Coca Cola Femsa

A number of institutional investors and hedge funds have recently made changes to their positions in KOF. NewEdge Advisors LLC lifted its stake in shares of Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after purchasing an additional 2,307 shares during the period. Jones Financial Companies Lllp boosted its holdings in 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 buying an additional 3,351 shares in the last quarter. CW Advisors LLC acquired a new position in Coca Cola Femsa during the second quarter worth about $260,000. EverSource Wealth Advisors LLC increased its holdings in Coca Cola Femsa by 186.6% in the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after buying an additional 601 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Coca Cola Femsa by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after buying an additional 12,979 shares in the last quarter.

Coca Cola Femsa Trading Down 0.0%

Shares of Coca Cola Femsa stock opened at $103.24 on Friday. 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. The company’s 50-day simple moving average is $106.20 and its 200-day simple moving average is $104.05. The firm has a market cap of $173.51 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities research analysts anticipate that Coca Cola Femsa will post 6.78 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 13th will be issued a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.4%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Monday, July 13th. Coca Cola Femsa’s dividend payout ratio is 66.33%.

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.