Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Coca Cola Femsa has received a consensus rating of "Hold" from seven brokerages, with average 12-month price target set at $105.00.
• The company's stock price recently opened at $80.33, marking a 2.0% decline, while it has a market capitalization of $135 billion.
• Coca Cola Femsa has announced an increase in its quarterly dividend to $1.0006, which represents an annual yield of 5.0% based on current payouts.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $105.00.

A number of equities research analysts recently weighed in on KOF shares. Zacks Research cut Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. lowered their target price on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Weiss Ratings cut shares of Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KOF. MAI Capital Management raised its position in shares of Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company's stock worth $38,000 after acquiring an additional 201 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in Coca Cola Femsa during the 2nd quarter worth about $44,000. Wayfinding Financial LLC acquired a new position in Coca Cola Femsa during the 1st quarter valued at about $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Coca Cola Femsa by 46.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company's stock valued at $66,000 after purchasing an additional 216 shares during the period. Finally, CWM LLC boosted its stake in shares of Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company's stock valued at $70,000 after purchasing an additional 119 shares during the last quarter.

Coca Cola Femsa Trading Down 2.0%

Shares of KOF stock opened at $80.33 on Wednesday. The company has a market capitalization of $135.00 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.04 and a beta of 0.62. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $84.20 and a 200 day moving average price of $90.05.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. Research analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be given a $1.0006 dividend. This is a boost from Coca Cola Femsa's previous quarterly dividend of $0.87. The ex-dividend date is Tuesday, October 14th. This represents a $4.00 annualized dividend and a yield of 5.0%. Coca Cola Femsa's dividend payout ratio is presently 63.05%.

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.

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