Coca-Cola FEMSA (NYSE:KOF) Posts Earnings Results

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) posted its earnings results on Friday. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19, Zacks reports. 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 during the quarter, compared to analysts' expectations of $3.44 billion.

Coca-Cola FEMSA Stock Down 0.9 %

KOF stock traded down $0.85 during mid-day trading on Thursday, hitting $93.29. 76,584 shares of the company were exchanged, compared to its average volume of 179,869. The company has a market capitalization of $156.78 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $102.28. The firm has a fifty day simple moving average of $91.51 and a 200 day simple moving average of $84.18.

Coca-Cola FEMSA Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. 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 yield of 3.1%. Coca-Cola FEMSA's payout ratio is 13.76%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KOF shares. Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $104.75.

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.