Coca-Cola FEMSA, S.A.B. de C.V. (KOF) To Go Ex-Dividend on July 15th

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) declared a semi-annual dividend on Tuesday, July 2nd, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.8325 per share on Friday, July 26th. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, July 15th.

Coca-Cola FEMSA has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola FEMSA to earn $7.39 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 12.4%.

Coca-Cola FEMSA Trading Up 3.1 %

NYSE KOF opened at $88.94 on Friday. The company has a fifty day moving average price of $90.49 and a 200-day moving average price of $93.92. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating the consensus estimate 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. As a group, sell-side analysts anticipate that Coca-Cola FEMSA will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KOF has been the topic of several research analyst reports. UBS Group cut their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company 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. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.45.

About Coca-Cola FEMSA

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.