Coca Cola Femsa (NYSE:KOF) Upgraded by Wall Street Zen to "Buy" Rating

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.

Several other research analysts also recently commented on KOF. JPMorgan Chase & Co. raised their price objective on Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Barclays raised their price objective on Coca Cola Femsa from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. UBS Group raised their price objective on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $106.50.

Coca Cola Femsa Trading Up 2.6%

Shares of NYSE:KOF traded up $2.41 on Friday, hitting $96.80. 188,040 shares of the company's stock were exchanged, compared to its average volume of 199,671. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a market capitalization of $162.69 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.92 and a beta of 0.60. The business's 50 day simple moving average is $95.01 and its two-hundred day simple moving average is $87.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Coca Cola Femsa's previous semi-annual dividend of $0.74. Coca Cola Femsa's dividend payout ratio (DPR) is 13.93%.

Institutional Trading of Coca Cola Femsa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its position 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 valued at $113,690,000 after acquiring an additional 19,338 shares in the last quarter. Corvex Management LP boosted its position in Coca Cola Femsa by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after acquiring an additional 619,931 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Coca Cola Femsa during the 1st quarter valued at $88,634,000. First Eagle Investment Management LLC boosted its position in Coca Cola Femsa by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after acquiring an additional 9,037 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Coca Cola Femsa by 11.0% during the 1st quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock valued at $24,509,000 after acquiring an additional 26,634 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.