Analysts Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) PT at $106.50

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

A number of equities research analysts have weighed in on KOF shares. Wall Street Zen lowered Coca-Cola FEMSA from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Barclays raised their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Morgan Stanley upgraded Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted 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, UBS Group lifted their target price on Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, May 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its position in Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after purchasing an additional 2,902 shares during the period. Envestnet Asset Management Inc. boosted its position in Coca-Cola FEMSA by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock valued at $17,515,000 after purchasing an additional 3,120 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock valued at $386,000 after purchasing an additional 4,214 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Coca-Cola FEMSA by 46.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after purchasing an additional 32,674 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Coca-Cola FEMSA by 106.1% during the 4th quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock valued at $1,314,000 after purchasing an additional 8,685 shares during the period.

Coca-Cola FEMSA Stock Down 2.5%

Shares of NYSE:KOF traded down $2.49 during mid-day trading on Thursday, hitting $96.55. 227,751 shares of the company traded hands, compared to its average volume of 196,248. The firm has a market cap of $162.27 billion, a P/E ratio of 16.39, a PEG ratio of 0.62 and a beta of 0.60. 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 52-week low of $72.68 and a 52-week high of $101.74. The firm's 50 day simple moving average is $95.00 and its 200 day simple moving average is $87.04.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share 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 firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were given 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 of this dividend was Tuesday, April 22nd. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 13.76%.

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.