Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: Five of nine analysts rate Coca-Cola FEMSA neutral, while four recommend buying. The average 12-month price target is $118.83, above the reported $108.90 share price.
• Financial and market performance remain solid: The company reported quarterly EPS of $1.69 on $4.36 billion in revenue, with a 15.83% return on equity and an 8.05% net margin. Shares have traded between $80.22 and $116.36 over the past year.
• Dividend increased: Coca-Cola FEMSA raised its quarterly dividend to $1.1248 per share, representing a $4.50 annualized payout and a 4.1% yield.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) has earned an average recommendation of "Hold" from the nine analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $118.8333.

A number of equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. Barclays increased their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. UBS Group raised their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. HSBC restated a "hold" rating and set a $116.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $108.90 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $106.35 and a two-hundred day simple moving average of $105.15. The stock has a market cap of $183.02 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.35 and a beta of 0.52. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, analysts expect that Coca Cola Femsa will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa's previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa's dividend payout ratio (DPR) is 62.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. ABC Arbitrage SA lifted its position in shares of Coca Cola Femsa by 108.1% in the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company's stock worth $2,108,000 after buying an additional 11,225 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Coca Cola Femsa by 32.7% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company's stock valued at $3,969,000 after buying an additional 10,319 shares during the last quarter. Natixis Advisors LLC grew its holdings in Coca Cola Femsa by 4.1% during the 4th quarter. Natixis Advisors LLC now owns 189,510 shares of the company's stock valued at $17,948,000 after buying an additional 7,549 shares in the last quarter. X Square Capital LLC purchased a new position in Coca Cola Femsa during the 4th quarter valued at approximately $1,346,000. Finally, Opal Capital LLC bought a new stake in Coca Cola Femsa in the 4th quarter worth approximately $2,677,000.

About Coca Cola Femsa

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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