JPMorgan Chase & Co. Cuts Coca Cola Femsa (NYSE:KOF) Price Target to $107.00

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

Several other brokerages also recently issued reports on KOF. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. UBS Group lifted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.75.

Coca Cola Femsa Stock Performance

Shares of KOF stock traded down $0.44 on Wednesday, hitting $90.63. 213,304 shares of the stock traded hands, compared to its average volume of 200,920. The company's fifty day moving average is $94.40 and its 200 day moving average is $89.24. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a market capitalization of $152.32 billion, a PE ratio of 15.21, a PEG ratio of 0.89 and a beta of 0.60. 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 released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. On average, equities research analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Dividend Announcement

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

Institutional Trading of Coca Cola Femsa

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Coca Cola Femsa by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after buying an additional 19,338 shares during the period. Corvex Management LP grew its position in Coca Cola Femsa by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Coca Cola Femsa during the 1st quarter valued at $88,634,000. Natixis Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 11.0% in the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock valued at $24,509,000 after purchasing an additional 26,634 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Coca Cola Femsa by 24.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company's stock worth $22,776,000 after buying an additional 48,924 shares during the period.

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.