Wall Street Zen upgraded shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a hold rating to a buy rating in a research note released on Saturday.
A number of other equities research analysts have also commented on the company. 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. JPMorgan Chase & Co. raised their target price on 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, Barclays boosted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $106.50.
Get Our Latest Analysis on Coca-Cola FEMSA
Coca-Cola FEMSA Trading Up 0.3%
KOF traded up $0.29 during midday trading on Friday, reaching $96.53. 279,701 shares of the company were exchanged, compared to its average volume of 191,287. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $101.74. The stock has a market capitalization of $162.24 billion, a P/E ratio of 16.39, a PEG ratio of 0.62 and a beta of 0.63. The stock's 50-day simple moving average is $93.90 and its 200 day simple moving average is $85.52.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.
Coca-Cola FEMSA Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a $0.8839 dividend. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.
Institutional Trading of Coca-Cola FEMSA
Several large investors have recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. lifted its position in Coca-Cola FEMSA by 1.6% during the first 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 in the last quarter. Corvex Management LP boosted its stake in Coca-Cola FEMSA by 138.9% during the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after buying an additional 619,931 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Coca-Cola FEMSA during the first quarter valued at approximately $88,634,000. First Eagle Investment Management LLC lifted its stake in shares of Coca-Cola FEMSA by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock valued at $25,156,000 after purchasing an additional 9,037 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 11.0% in the 1st quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock valued at $24,509,000 after purchasing an additional 26,634 shares during the last quarter.
Coca-Cola FEMSA Company Profile
(
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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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