UBS Group Issues Positive Forecast for Coca Cola Femsa (NYSE:KOF) Stock Price

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

KOF has been the subject of a number of other research reports. Wall Street Zen raised shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. lifted 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 note on Friday, April 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $107.50.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock traded down $4.28 during mid-day trading on Tuesday, reaching $89.94. The company had a trading volume of 261,536 shares, compared to its average volume of 199,566. Coca Cola Femsa has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. 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 company has a market cap of $151.16 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.91 and a beta of 0.60. The business has a fifty day simple moving average of $94.92 and a 200 day simple moving average of $88.70.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. On average, equities research analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th will be paid a $0.874 dividend. This represents a $3.50 annualized dividend and a yield of 3.89%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is currently 13.93%.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Coca Cola Femsa by 936.0% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Coca Cola Femsa by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after purchasing an additional 3,120 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Coca Cola Femsa by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock worth $8,011,000 after purchasing an additional 32,674 shares in the last quarter. Corient Private Wealth LLC grew its position in Coca Cola Femsa by 106.1% in the 4th quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock worth $1,314,000 after purchasing an additional 8,685 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in Coca Cola Femsa in the 4th quarter worth about $334,000.

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.