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

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 paid a dividend of 0.874 per share on Monday, July 28th. This represents a $3.50 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, July 15th.

Coca Cola Femsa has a 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 0.4%

Shares of KOF traded down $0.33 during trading hours on Friday, reaching $89.63. The stock had a trading volume of 185,458 shares, compared to its average volume of 200,328. The firm has a 50-day moving average of $94.85 and a 200 day moving average of $88.77. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The company 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. Coca Cola Femsa has a 52 week low of $72.68 and a 52 week high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.44 billion. On average, sell-side analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca Cola Femsa

A hedge fund recently raised its stake in Coca Cola Femsa stock. Jones Financial Companies Lllp grew its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 211.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,936 shares of the company's stock after purchasing 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.

Analyst Ratings Changes

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

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.