Coca-Cola FEMSA (NYSE:KOF - Free Report) had its price target upped by UBS Group from $106.00 to $109.00 in a report released on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Barclays lifted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola FEMSA presently has an average rating of "Buy" and an average target price of $106.50.
Get Our Latest Analysis on KOF
Coca-Cola FEMSA Stock Performance
KOF stock traded down $0.45 during mid-day trading on Monday, reaching $93.79. 35,367 shares of the stock traded hands, compared to its average volume of 180,949. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28. The firm has a market capitalization of $157.63 billion, a PE ratio of 15.94, a P/E/G ratio of 0.62 and a beta of 0.63. The business has a 50-day moving average of $92.07 and a two-hundred day moving average of $84.41. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, equities analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.
Coca-Cola FEMSA Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were given a $0.8839 dividend. This represents a dividend yield of 3.1%. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio is 13.76%.
Institutional Trading of Coca-Cola FEMSA
A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Coca-Cola FEMSA by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock worth $1,537,000 after acquiring an additional 149 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Coca-Cola FEMSA by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after purchasing an additional 155 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock valued at $545,000 after purchasing an additional 206 shares during the period. Avantax Advisory Services Inc. raised its position in shares of 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 purchasing an additional 212 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after buying an additional 233 shares in the last quarter.
Coca-Cola FEMSA Company Profile
(
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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.
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