Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $104.75 Average PT from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) has received an average rating of "Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have covered the stock in the last year is $104.75.

Several analysts have commented on the company. Barclays upped 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. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Coca-Cola FEMSA Stock Performance

NYSE KOF traded down $1.70 on Wednesday, reaching $95.98. The stock had a trading volume of 57,317 shares, compared to its average volume of 176,276. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market cap of $161.32 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The business's 50-day moving average price is $90.99 and its 200 day moving average price is $83.98. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, equities analysts expect that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio is currently 13.76%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its stake in shares of Coca-Cola FEMSA by 1.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after acquiring an additional 19,338 shares in the last quarter. Corvex Management LP grew 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 acquiring an additional 619,931 shares during the period. JPMorgan Chase & Co. lifted its position in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after buying an additional 378,325 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Coca-Cola FEMSA by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock worth $25,156,000 after acquiring an additional 9,037 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Coca-Cola FEMSA by 2.0% during the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company's stock valued at $18,837,000 after buying an additional 4,697 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.