Coca-Cola FEMSA (NYSE:KOF - Get Free Report) announced its earnings results on Friday. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19, Zacks reports. The company 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%.
Coca-Cola FEMSA Stock Performance
Shares of Coca-Cola FEMSA stock traded up $1.16 on Wednesday, hitting $94.26. 266,225 shares of the company's stock were exchanged, compared to its average volume of 179,829. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $158.42 billion, a PE ratio of 16.00, a PEG ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The company has a 50-day simple moving average of $91.51 and a 200-day simple moving average of $84.18.
Coca-Cola FEMSA Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.8839 dividend. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on KOF shares. StockNews.com upgraded Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Barclays upped 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. Finally, JPMorgan Chase & Co. upped their target price 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. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $104.75.
Read Our Latest Analysis on KOF
Coca-Cola FEMSA Company Profile
(
Get Free Report)
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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