Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $106.50 Consensus Target Price from Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) has received a consensus recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $107.50.

KOF has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. upped 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.

Coca Cola Femsa Stock Down 3.8%

NYSE:KOF traded down $3.73 during midday trading on Monday, reaching $94.26. 256,424 shares of the stock traded hands, compared to its average volume of 199,217. The business has a 50-day moving average of $94.98 and a two-hundred day moving average of $88.65. The stock has a market capitalization of $158.42 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. 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 released its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, equities analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is 13.76%.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Coca Cola Femsa by 936.0% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Coca Cola Femsa by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after buying an additional 3,120 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Coca Cola Femsa by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock worth $8,011,000 after buying an additional 32,674 shares during the last quarter. Corient Private Wealth LLC boosted its position in Coca Cola Femsa by 106.1% during the fourth quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock worth $1,314,000 after purchasing an additional 8,685 shares during the period. Finally, Focus Partners Wealth bought a new stake in Coca Cola Femsa during the fourth quarter worth approximately $334,000.

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.