Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) PT at $103.91

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $103.91.

KOF has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Barclays decreased their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its stake in Coca-Cola FEMSA by 1.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after buying an additional 17,208 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Coca-Cola FEMSA by 73.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after purchasing an additional 110,926 shares during the last quarter. Natixis Advisors LLC boosted its stake in Coca-Cola FEMSA by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock valued at $21,040,000 after purchasing an additional 9,911 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Coca-Cola FEMSA by 2.4% in 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 last quarter.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $79.63 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $84.17 and a 200-day moving average of $86.89. The stock has a market cap of $133.83 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.69 and a beta of 0.87. Coca-Cola FEMSA has a 52 week low of $77.02 and a 52 week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.7433 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is currently 11.21%.

About Coca-Cola FEMSA

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.