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

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $101.91.

A number of equities research analysts recently commented on the company. Barclays upped 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. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, UBS Group dropped their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. D Orazio & Associates Inc. increased its stake in shares of Coca-Cola FEMSA by 5.4% during the second quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after purchasing an additional 138 shares during the period. Park Avenue Securities LLC raised its position in Coca-Cola FEMSA by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares during the last quarter. Chase Investment Counsel Corp raised its position in Coca-Cola FEMSA by 3.6% during the 1st quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares during the last quarter. Claro Advisors LLC raised its position in shares of Coca-Cola FEMSA by 5.7% in the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after acquiring an additional 172 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares in the last quarter.

Coca-Cola FEMSA Trading Up 0.2 %

KOF stock opened at $87.19 on Wednesday. The company has a market cap of $146.54 billion, a P/E ratio of 15.35, a PEG ratio of 0.71 and a beta of 0.86. Coca-Cola FEMSA has a twelve month low of $69.33 and a twelve month high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $87.89 and a 200-day moving average of $90.42.

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 analysts’ consensus estimates of $1.55. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.32 earnings per share. As a group, equities research analysts expect that Coca-Cola FEMSA will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 14th will be given a dividend of $0.7811 per share. The ex-dividend date of this dividend is Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is currently 12.32%.

Coca-Cola FEMSA Company Profile

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.