Coca-Cola FEMSA (NYSE:KOF) Upgraded to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on KOF. Barclays lifted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, UBS Group upped their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $106.50.

Coca-Cola FEMSA Trading Up 0.8%

Shares of Coca-Cola FEMSA stock traded up $0.73 during trading hours on Friday, hitting $95.97. The company's stock had a trading volume of 319,409 shares, compared to its average volume of 190,296. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a 50 day moving average of $93.46 and a 200 day moving average of $85.27. The company has a market capitalization of $161.29 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.8839 per share. The ex-dividend date was Tuesday, April 22nd. This represents a yield of 3.1%. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is 13.76%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Coca-Cola FEMSA by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after acquiring an additional 149 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Coca-Cola FEMSA by 5.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after buying an additional 155 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Coca-Cola FEMSA by 1.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after buying an additional 212 shares during the period. Park Avenue Securities LLC raised its holdings in Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after purchasing an additional 233 shares during the period. Finally, ORG Wealth Partners LLC raised its holdings in Coca-Cola FEMSA by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock worth $93,000 after purchasing an additional 264 shares during the period.

About Coca-Cola FEMSA

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.