Coca Cola Femsa (NYSE:KOF) Announces Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Coca Cola Femsa (NYSE:KOF - Get Free Report) posted its earnings results on Wednesday. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22), Zacks reports. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.

Coca Cola Femsa Stock Down 1.9%

Shares of Coca Cola Femsa stock traded down $1.63 during trading on Friday, hitting $85.39. 277,283 shares of the stock were exchanged, compared to its average volume of 201,748. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.60. The firm's 50-day moving average price is $93.98 and its 200 day moving average price is $89.60. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.96.

Coca Cola Femsa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.874 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.09%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 57.89%.

Wall Street Analyst Weigh In

A number of research firms have commented on KOF. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. UBS Group raised their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. cut their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.75.

Institutional Investors Weigh In On Coca Cola Femsa

A hedge fund recently raised its stake in Coca Cola Femsa stock. NewEdge Advisors LLC increased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 230,700.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308 shares of the company's stock after acquiring an additional 2,307 shares during the quarter. NewEdge Advisors LLC's holdings in Coca Cola Femsa were worth $211,000 at the end of the most recent 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.