Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report)'s stock price rose 4.9% during trading on Thursday . The company traded as high as $85.76 and last traded at $85.35. Approximately 149,027 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 224,610 shares. The stock had previously closed at $81.33.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on KOF. Weiss Ratings cut shares of Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. JPMorgan Chase & Co. reduced their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Zacks Research lowered shares of Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 24th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa currently has a consensus rating of "Hold" and a consensus price target of $105.00.
View Our Latest Stock Analysis on KOF
Coca Cola Femsa Trading Up 5.3%
The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The firm has a market cap of $143.97 billion, a PE ratio of 15.00, a P/E/G ratio of 1.03 and a beta of 0.62. The company's 50-day moving average is $84.15 and its 200 day moving average is $89.99.
Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. As a group, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.
Coca Cola Femsa Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be paid a dividend of $1.0006 per share. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $0.87. The ex-dividend date is Tuesday, October 14th. This represents a $4.00 annualized dividend and a dividend yield of 4.7%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 63.05%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Coca Cola Femsa by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock valued at $533,000 after buying an additional 5,279 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Coca Cola Femsa by 9.7% in the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after buying an additional 312 shares during the last quarter. ORG Wealth Partners LLC grew its stake in Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after buying an additional 264 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Coca Cola Femsa in the 1st quarter valued at $83,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Coca Cola Femsa by 1.6% in 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 purchasing an additional 19,338 shares during the period.
About Coca Cola Femsa
(
Get Free Report)
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.
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