Analysts Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) PT at $105.50

Key Points

• Coca Cola Femsa S.A.B. de C.V. has received a consensus rating of "Moderate Buy" from analysts, with one hold and five buy ratings, and an average 12-month price target of $105.50.
• The company reported $1.30 EPS for the last quarter, missing estimates by ($0.22), with revenue of $3.74 billion compared to a forecast of $3.89 billion.
• Coca Cola Femsa recently paid a quarterly dividend of $0.874 per share, resulting in a dividend yield of 4.2% and a payout ratio of 60.42%.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $105.50.

A number of equities analysts have recently weighed in on the company. Barclays set a $100.00 target price on Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday. UBS Group upped their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lowered their target price on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th.

Coca Cola Femsa Trading Up 0.4%

Shares of NYSE:KOF traded up $0.32 during midday trading on Friday, hitting $83.36. 137,881 shares of the stock were exchanged, compared to its average volume of 216,679. The business's 50-day moving average price is $92.90 and its 200 day moving average price is $89.94. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a market capitalization of $140.10 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.89 billion. Analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were paid a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's payout ratio is 60.42%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently bought and sold shares of KOF. Itau Unibanco Holding S.A. purchased a new position in Coca Cola Femsa in the 1st quarter worth approximately $88,634,000. Corvex Management LP increased its stake in Coca Cola Femsa by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares during the period. Auto Owners Insurance Co increased its stake in Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company's stock worth $29,019,000 after purchasing an additional 294,400 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Coca Cola Femsa in the 1st quarter worth approximately $8,782,000. Finally, Northern Trust Corp increased its stake in Coca Cola Femsa by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after purchasing an additional 88,873 shares during the period.

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.