Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $103.91 Average Price Target from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $103.91.

KOF has been the subject of a number of research reports. Barclays dropped their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors have recently made changes to their positions in KOF. Itau Unibanco Holding S.A. raised its position in Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after purchasing an additional 62,282 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Coca-Cola FEMSA during the 1st quarter worth approximately $3,346,000. Quadrature Capital Ltd purchased a new position in Coca-Cola FEMSA during the 1st quarter valued at $4,217,000. Marshall Wace LLP bought a new position in Coca-Cola FEMSA in the 2nd quarter valued at $7,708,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA during the third quarter worth $31,000.

Coca-Cola FEMSA Stock Performance

KOF opened at $83.20 on Friday. The firm has a 50-day simple moving average of $86.69 and a two-hundred day simple moving average of $89.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. Coca-Cola FEMSA has a 52 week low of $78.35 and a 52 week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.55%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.