Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Moderate Buy” by Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $100.45.

KOF has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. UBS Group upped their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th.

Coca-Cola FEMSA Stock Performance

KOF opened at $85.84 on Monday. The company has a fifty day moving average price of $93.23 and a two-hundred day moving average price of $94.76. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a 52 week low of $69.33 and a 52 week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.67 billion. On average, sell-side analysts forecast that Coca-Cola FEMSA will post 6.65 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a $0.81 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Coca-Cola FEMSA by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after purchasing an additional 97,238 shares in the last quarter. Capital Wealth Planning LLC boosted its position in shares of Coca-Cola FEMSA by 14.4% during the 4th quarter. Capital Wealth Planning LLC now owns 18,254 shares of the company’s stock worth $1,728,000 after acquiring an additional 2,300 shares in the last quarter. Summit Global Investments boosted its position in shares of Coca-Cola FEMSA by 2.9% during the 4th quarter. Summit Global Investments now owns 29,850 shares of the company’s stock worth $2,825,000 after acquiring an additional 829 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after acquiring an additional 187 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after acquiring an additional 24,017 shares in the last quarter.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.