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

Key Points

• Analysts assigned Coca‑Cola Femsa a consensus recommendation of Moderate Buy (5 buys, 4 holds) with an average 12‑month target of $113.60, amid mixed recent moves such as Bradesco's $124 objective and JPMorgan raising its target to $110.
• The company raised its quarterly dividend to $1.0873 (annualized $4.35), implying a 4.3% yield and a payout ratio of 66.7%.
• Recent fundamentals: last-quarter EPS was $1.16 with analysts forecasting about 6.8 EPS for the year, while the stock trades at a PE of 17.14, market cap ~$171.09 billion and a 52‑week range of $80.22–$116.36.

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 nine research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $113.60.

Several research analysts recently commented on KOF shares. Weiss Ratings raised Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Bank of America reiterated a "buy" rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Bradesco Corretora raised Coca Cola Femsa to an "outperform" rating and set a $124.00 price objective for the company in a report on Wednesday, February 11th. UBS Group cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca Cola Femsa from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th.

Institutional Investors Weigh In On Coca Cola Femsa

A number of institutional investors and hedge funds have recently modified their holdings of the company. Seafarer Capital Partners LLC raised its stake in Coca Cola Femsa by 31.8% in the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company's stock valued at $2,410,000 after buying an additional 7,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company's stock worth $18,750,000 after acquiring an additional 14,687 shares during the period. Federated Hermes Inc. boosted its stake in shares of Coca Cola Femsa by 23.0% during the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company's stock worth $15,760,000 after acquiring an additional 35,477 shares during the period. Oxbow Advisors LLC acquired a new position in shares of Coca Cola Femsa during the 3rd quarter worth approximately $2,826,000. Finally, Bright Futures Wealth Management LLC. bought a new stake in Coca Cola Femsa in the 3rd quarter valued at $706,000.

Coca Cola Femsa Trading Up 0.2%

Shares of NYSE:KOF opened at $101.80 on Friday. The company's 50-day moving average price is $101.79 and its two-hundred day moving average price is $97.47. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. The stock has a market capitalization of $171.09 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.57% and a net margin of 7.84%. On average, equities analysts forecast that Coca Cola Femsa will post 6.8 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were given a $1.0873 dividend. This is a boost from Coca Cola Femsa's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.3%. Coca Cola Femsa's payout ratio is 66.67%.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA NYSE: KOF is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company's product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.

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