Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $106.50 Average PT from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $106.50.

Several research analysts have issued reports on KOF shares. 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 report on Monday, May 5th. 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. Morgan Stanley raised Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen cut Coca-Cola FEMSA from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock traded down $2.26 during trading on Thursday, hitting $96.78. The stock had a trading volume of 123,235 shares, compared to its average volume of 195,431. The business has a fifty day moving average of $94.86 and a two-hundred day moving average of $86.81. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The firm has a market cap of $162.65 billion, a P/E ratio of 16.43, a PEG ratio of 0.62 and a beta of 0.60. 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, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm 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.

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 paid a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. This is a boost from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's payout ratio is 13.76%.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC grew its stake in Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after purchasing an additional 375 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Coca-Cola FEMSA in the 1st quarter worth about $41,000. Banque de Luxembourg S.A. acquired a new position in Coca-Cola FEMSA in the 4th quarter worth about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth about $43,000.

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.