Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $105.50 Consensus Price Target 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 been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $105.50.

A number of analysts have commented on the company. Zacks Research downgraded Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Barclays set a $100.00 target price on Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, UBS Group boosted their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th.

Institutional Trading of Coca Cola Femsa

A number of institutional investors have recently bought and sold shares of the company. MAI Capital Management raised its holdings in shares of Coca Cola Femsa by 103.6% in 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. Wayfinding Financial LLC acquired a new position in shares of Coca Cola Femsa in the first quarter worth $41,000. Banque de Luxembourg S.A. acquired a new position in shares of Coca Cola Femsa in the fourth quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Coca Cola Femsa in the fourth quarter worth $43,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Coca Cola Femsa in the second quarter worth $44,000.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock traded down $1.45 during trading on Tuesday, reaching $84.89. The company's stock had a trading volume of 206,259 shares, compared to its average volume of 172,691. 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. The company has a market capitalization of $142.67 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.64. The business has a 50 day moving average price of $88.28 and a 200-day moving average price of $90.99.

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

Coca Cola Femsa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's payout ratio is presently 60.42%.

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.