UBS Group Raises Coca Cola Femsa (NYSE:KOF) Price Target to $113.00

Coca Cola Femsa (NYSE:KOF - Free Report) had its price target boosted by UBS Group from $109.00 to $113.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Wall Street Zen raised shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $107.50.

Coca Cola Femsa Stock Down 0.2%

Shares of Coca Cola Femsa stock traded down $0.21 during trading hours on Tuesday, reaching $89.75. The company's stock had a trading volume of 55,336 shares, compared to its average volume of 199,831. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21. The stock's fifty day simple moving average is $94.85 and its two-hundred day simple moving average is $88.77. Coca Cola Femsa has a one year low of $72.68 and a one year high of $101.74. The company has a market capitalization of $150.84 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.86 and a beta of 0.60.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, research analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 15th will be issued a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is presently 58.56%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Coca Cola Femsa during the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Coca Cola Femsa by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after acquiring an additional 375 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Coca Cola Femsa in the first quarter valued at about $41,000. Banque de Luxembourg S.A. purchased a new position in Coca Cola Femsa in the fourth quarter valued at about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca Cola Femsa in the fourth quarter valued at about $43,000.

About Coca Cola Femsa

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.