Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Announces Quarterly Dividend of $0.87

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) announced a quarterly dividend on Tuesday, July 8th, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.874 per share on Monday, July 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Tuesday, July 15th.

Coca Cola Femsa has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 13.7%.

Coca Cola Femsa Trading Down 3.8%

Shares of Coca Cola Femsa stock traded down $3.73 on Tuesday, reaching $94.26. 256,424 shares of the company's stock were exchanged, compared to its average volume of 199,217. The company has a market capitalization of $158.42 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. Coca Cola Femsa has a 52 week low of $72.68 and a 52 week high of $101.74. The firm's 50-day moving average is $94.98 and its two-hundred day moving average is $88.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. Sell-side analysts predict that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KOF shares. Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group increased their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. increased their target price on Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $107.50.

Institutional Investors Weigh In On Coca Cola Femsa

A hedge fund recently raised its stake in Coca Cola Femsa stock. Jones Financial Companies Lllp boosted its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 211.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,936 shares of the company's stock after buying an additional 3,351 shares during the quarter. Jones Financial Companies Lllp's holdings in Coca Cola Femsa were worth $451,000 as of its most recent SEC filing.

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.

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