Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of “Buy” from Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $104.75.

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of 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. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the company from $93.00 to $102.00 in a report on Tuesday, October 29th.

Coca-Cola FEMSA Stock Down 0.1 %

NYSE KOF opened at $76.39 on Friday. Coca-Cola FEMSA has a one year low of $73.90 and a one year high of $104.38. The stock has a 50-day moving average of $79.14 and a 200 day moving average of $84.15. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is currently 11.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Coca-Cola FEMSA in the 3rd quarter worth $31,000. Hartford Financial Management Inc. grew its holdings in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the period. GAMMA Investing LLC increased its position in Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA in the third quarter worth about $71,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at about $85,000.

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.