Coca Cola Femsa (NYSE:KOF) Price Target Raised to $113.00

Coca Cola Femsa (NYSE:KOF - Free Report) had its target price hoisted by UBS Group from $109.00 to $113.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Coca Cola Femsa Stock Performance

NYSE KOF traded up $0.54 during trading on Tuesday, reaching $90.21. The company's stock had a trading volume of 393,444 shares, compared to its average volume of 200,338. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $151.61 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74. The firm has a 50 day moving average price of $94.92 and a 200 day moving average price of $88.70.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Announces Dividend

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. This represents a $3.50 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is presently 13.93%.

Institutional Trading of Coca Cola Femsa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Coca Cola Femsa by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after acquiring an additional 149 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Coca Cola Femsa by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after purchasing an additional 155 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Coca Cola Femsa by 1.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after acquiring an additional 212 shares during the period. ORG Wealth Partners LLC raised its holdings in Coca Cola Femsa by 36.3% during the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after acquiring an additional 264 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in Coca Cola Femsa by 9.7% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after acquiring an additional 312 shares during the period.

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.