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

Key Points

• Analysts hold a mixed view on Coca-Cola FEMSA, with five of nine firms rating the stock “Hold” and four rating it “Buy.” The average 12-month price target is $118.83, compared with a recent price of $112.04.
• The company reported quarterly earnings of $1.69 per share on revenue of $4.36 billion, while analysts expect full-year earnings of approximately $7.03 per share.
• Coca-Cola FEMSA raised its quarterly dividend to $1.1248, equivalent to an annualized $4.50 payout and a 4.0% dividend yield; institutional investors also made several sizable purchases of the stock.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) have received an average recommendation of "Hold" from the nine research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $118.8333.

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. UBS Group increased their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Wall Street Zen upgraded Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Finally, HSBC reiterated a "hold" rating and set a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th.

Coca Cola Femsa Trading Down 0.4%

KOF stock opened at $112.04 on Friday. The firm has a fifty day moving average price of $108.24 and a 200 day moving average price of $105.69. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $117.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market cap of $188.31 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion for the quarter. Sell-side analysts anticipate that Coca Cola Femsa will post 7.03 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 62.15%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently bought and sold shares of KOF. Stack Financial Management Inc purchased a new position in Coca Cola Femsa in the 2nd quarter worth about $26,079,000. Bank of America Corp DE grew its stake in Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after acquiring an additional 274,894 shares in the last quarter. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Coca Cola Femsa during the second quarter worth approximately $12,512,000. Deutsche Bank AG increased its position in shares of Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company's stock worth $11,118,000 after acquiring an additional 115,973 shares during the period. Finally, Everett Harris & Co. CA bought a new stake in shares of Coca Cola Femsa during the second quarter valued at approximately $7,619,000.

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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