Coca-Cola FEMSA (NYSE:KOF) Cut to "Buy" at StockNews.com

StockNews.com lowered shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a strong-buy rating to a buy rating in a research report report published on Thursday.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. increased their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

Coca-Cola FEMSA stock traded up $0.56 during mid-day trading on Thursday, reaching $93.56. 233,133 shares of the company's stock traded hands, compared to its average volume of 180,045. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a market cap of $157.24 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.62 and a beta of 0.58. The stock has a 50 day moving average of $91.73 and a two-hundred day moving average of $84.27. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. 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 analyst estimates of $3.44 billion. Equities analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The business 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 $0.8839 dividend. This represents a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio (DPR) is currently 13.76%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of institutional investors have recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. increased its holdings in Coca-Cola FEMSA by 1.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after purchasing an additional 19,338 shares during the period. Corvex Management LP lifted its stake in Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after acquiring an additional 619,931 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after purchasing an additional 378,325 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Coca-Cola FEMSA by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after purchasing an additional 9,037 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Coca-Cola FEMSA by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock valued at $18,837,000 after purchasing an additional 4,697 shares in the last 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.