Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $101.91 Average Target Price from Analysts

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.91.

Several brokerages have issued reports on KOF. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group dropped their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th.

Coca-Cola FEMSA Stock Up 2.2 %

Shares of NYSE:KOF opened at $89.31 on Friday. The company has a 50 day moving average of $87.15 and a 200-day moving average of $91.38. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $104.38. The stock has a market cap of $150.10 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.70 and a beta of 0.85. 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 (NYSE:KOF) last released its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same quarter in the prior year, the firm posted $1.32 EPS. On average, sell-side analysts forecast that Coca-Cola FEMSA will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

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

Hedge Funds Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently made changes to their positions in KOF. Goldman Sachs Group Inc. grew its position in shares of Coca-Cola FEMSA by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Coca-Cola FEMSA by 13.9% during 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. Envestnet Asset Management Inc. increased its holdings in Coca-Cola FEMSA by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after purchasing an additional 5,166 shares during the period. Sei Investments Co. increased its holdings in Coca-Cola FEMSA by 7.7% during the 2nd quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock worth $14,359,000 after purchasing an additional 11,920 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after acquiring an additional 4,742 shares during 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.