Coca-Cola FEMSA (NYSE:KOF) Price Target Raised to $109.00 at UBS Group

Coca-Cola FEMSA (NYSE:KOF - Free Report) had its price objective lifted by UBS Group from $106.00 to $109.00 in a research report report published on Monday morning, MarketBeat reports. UBS Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Barclays increased their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $106.50.

Coca-Cola FEMSA Stock Performance

KOF stock traded up $0.09 on Monday, hitting $92.96. The company's stock had a trading volume of 215,275 shares, compared to its average volume of 182,336. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock has a market cap of $156.23 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The firm has a 50 day moving average of $92.29 and a two-hundred day moving average of $84.51.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its earnings results 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 business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Equities analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were paid a $0.8839 dividend. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.

Institutional Trading of Coca-Cola FEMSA

Institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in shares of Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after buying an additional 2,902 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Coca-Cola FEMSA by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after acquiring an additional 3,120 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock valued at $386,000 after purchasing an additional 4,214 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Coca-Cola FEMSA by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after purchasing an additional 32,674 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock worth $95,496,000 after purchasing an additional 157,530 shares in 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.