Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $105.50 Average Target Price from Brokerages

Key Points

• Coca Cola Femsa S.A.B. de C.V. has received a consensus recommendation of “Moderate Buy” from six analysts, with five issuing buy ratings and one hold rating.
• The company's stock recently traded at around $86.27 but has a 52-week high of $101.74 and a target price average of $105.50 among brokerages.
• Coca Cola Femsa reported $1.30 earnings per share for the last quarter, which fell short of analysts' expectations of $1.52.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $105.50.

KOF has been the subject of several analyst reports. UBS Group raised their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Finally, Zacks Research cut Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th.

Coca Cola Femsa Stock Down 1.7%

Shares of KOF stock traded down $1.45 during mid-day trading on Tuesday, reaching $84.89. 206,259 shares of the company's stock traded hands, compared to its average volume of 169,272. The company's 50-day moving average price is $88.28 and its 200-day moving average price is $90.94. The company has a market cap of $142.67 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.04 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74.

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

Coca Cola Femsa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were paid a $0.874 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa's payout ratio is currently 60.42%.

Institutional Investors Weigh In On Coca Cola Femsa

Several large investors have recently bought and sold shares of KOF. Boston Partners boosted its holdings in shares of Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company's stock valued at $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Coca Cola Femsa during the first quarter valued at approximately $88,634,000. Corvex Management LP boosted its holdings in Coca Cola Femsa by 138.9% in the fourth 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 last quarter. Auto Owners Insurance Co boosted its holdings in Coca Cola Femsa by 5,257.1% in the second 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 last quarter. Finally, Bank of America Corp DE raised its stake in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock valued at $57,024,000 after buying an additional 274,894 shares during the last quarter.

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.