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

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) fell 4.3% during trading on Wednesday . The stock traded as low as $90.37 and last traded at $90.15. 125,348 shares traded hands during 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

Several research firms have recently commented on KOF. Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. JPMorgan Chase & Co. boosted their price objective on Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. UBS Group boosted their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $107.50.

Coca Cola Femsa Price Performance

The company has a fifty day moving average of $94.78 and a 200-day moving average of $88.92. The firm has a market cap of $150.64 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.86 and a beta of 0.60. 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 announced its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) 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. On average, sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.874 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.50 annualized dividend and a yield of 3.90%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 13.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KOF. Itau Unibanco Holding S.A. purchased a new position in Coca Cola Femsa in the first quarter worth $88,634,000. Corvex Management LP boosted its position 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 purchasing an additional 619,931 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Coca Cola Femsa in the first quarter worth $8,782,000. Northern Trust Corp boosted its position in Coca Cola Femsa by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after purchasing an additional 88,873 shares during the last quarter. Finally, Hosking Partners LLP purchased a new position in Coca Cola Femsa in the first quarter worth $7,918,000.

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.