Coca Cola Femsa (NYSE:KOF) Stock Price Down 4.3% - Here's Why

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) traded down 4.3% during mid-day trading on Wednesday . The company traded as low as $90.37 and last traded at $90.15. 125,348 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 222,013 shares. The stock had previously closed at $94.22.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. increased 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 report on Friday, April 11th. 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $107.50.

Coca Cola Femsa Stock Down 0.4%

The company has a market cap of $150.64 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. 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's 50 day moving average price is $94.78 and its 200-day moving average price is $88.85.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be paid a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is presently 13.93%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in shares of Coca Cola Femsa in the 2nd quarter valued at about $44,000. Martin Capital Partners LLC boosted its stake in Coca Cola Femsa by 204.3% during the 2nd quarter. Martin Capital Partners LLC now owns 51,178 shares of the company's stock worth $4,950,000 after acquiring an additional 34,357 shares during the last quarter. Gradient Investments LLC boosted its stake in Coca Cola Femsa by 18.7% during the 2nd quarter. Gradient Investments LLC now owns 7,627 shares of the company's stock worth $738,000 after acquiring an additional 1,200 shares during the last quarter. Strs Ohio bought a new position in Coca Cola Femsa during the 1st quarter worth approximately $1,455,000. Finally, Ascent Group LLC bought a new position in Coca Cola Femsa during the 1st quarter worth approximately $249,000.

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.