JPMorgan Chase & Co. Has Lowered Expectations for Coca Cola Femsa (NYSE:KOF) Stock Price

Coca Cola Femsa (NYSE:KOF - Free Report) had its price objective cut by JPMorgan Chase & Co. from $111.00 to $107.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on the company. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. UBS Group boosted their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.75.

Coca Cola Femsa Price Performance

KOF stock traded down $0.44 during midday trading on Wednesday, reaching $90.63. The company had a trading volume of 213,304 shares, compared to its average volume of 200,856. The company has a market capitalization of $152.32 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.87 and a beta of 0.60. The stock has a 50 day moving average price of $94.45 and a 200-day moving average price of $89.15. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. Equities research analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be paid a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is currently 58.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KOF. Bank of New York Mellon Corp boosted its holdings in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after acquiring an additional 149 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Coca Cola Femsa by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after acquiring an additional 155 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Coca Cola Femsa by 7.7% in the second quarter. Ballentine Partners LLC now owns 2,413 shares of the company's stock valued at $233,000 after acquiring an additional 173 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Coca Cola Femsa by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after acquiring an additional 212 shares during the last quarter. Finally, ORG Wealth Partners LLC boosted its holdings in Coca Cola Femsa by 36.3% in the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after acquiring an additional 264 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 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.