Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $101.91 Average 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 six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $101.91.

A number of brokerages have recently weighed in on KOF. Barclays increased their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. UBS Group cut their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $87.80 on Tuesday. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $104.38. The firm has a market cap of $147.56 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a 50-day simple moving average of $86.38 and a two-hundred day simple moving average of $93.00.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter in the previous year, the firm earned $1.32 EPS. On average, equities analysts forecast that Coca-Cola FEMSA will post 6.59 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio is currently 13.20%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds have recently bought and sold shares of the stock. D Orazio & Associates Inc. boosted its stake in shares of Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after acquiring an additional 138 shares in the last quarter. Park Avenue Securities LLC boosted its position in Coca-Cola FEMSA by 4.4% during the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares in the last quarter. Chase Investment Counsel Corp grew its holdings in Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after purchasing an additional 154 shares during the period. Claro Advisors LLC increased its position in shares of Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after buying an additional 172 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Coca-Cola FEMSA by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock valued at $1,467,000 after buying an additional 187 shares in the last quarter.

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.