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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) has earned an average rating of "Buy" from the five ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $106.50.

Several research firms recently weighed in on KOF. Barclays raised their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target 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, UBS Group increased their price objective on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a report on Monday, May 5th.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently added to or reduced their stakes in KOF. Robeco Institutional Asset Management B.V. lifted its stake in Coca-Cola FEMSA by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock valued at $113,690,000 after buying an additional 19,338 shares during the period. Corvex Management LP lifted its position in shares of Coca-Cola FEMSA by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after acquiring an additional 619,931 shares during the period. Itau Unibanco Holding S.A. bought a new position in Coca-Cola FEMSA during the first quarter worth $88,634,000. First Eagle Investment Management LLC boosted its stake in Coca-Cola FEMSA by 2.9% during 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 in the last quarter. Finally, Natixis Advisors LLC increased its stake in Coca-Cola FEMSA by 11.0% in the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock valued at $24,509,000 after purchasing an additional 26,634 shares in the last quarter.

Coca-Cola FEMSA Price Performance

NYSE KOF traded up $0.80 during trading on Friday, hitting $93.85. 104,633 shares of the company's stock were exchanged, compared to its average volume of 188,355. The company has a market cap of $157.73 billion, a PE ratio of 15.91, a P/E/G ratio of 0.62 and a beta of 0.63. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The stock's 50 day moving average price is $93.23 and its two-hundred day moving average price is $85.05.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings data 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 8.12% and a return on equity of 15.99%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Research analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.8839 dividend. This represents a dividend yield of 3.1%. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 22nd. Coca-Cola FEMSA's payout ratio is currently 13.76%.

About Coca-Cola FEMSA

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.