Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock Has Average Target Price of $120.83 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Coca-Cola FEMSA, with five holds and four buys among nine firms. The average 12-month price target is $120.83, compared with the stock’s reported $118.20 price.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, while analysts expect full-year EPS of approximately $6.98.
• The company reduced its quarterly dividend to $1.0838 per share from $1.1248, resulting in an annualized dividend of $4.34 and a yield of about 3.7%.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) has been given a consensus recommendation of "Hold" by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $120.83.

Several research firms recently weighed in on KOF. JPMorgan Chase & Co. raised their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. UBS Group boosted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Coca Cola Femsa from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. HSBC reissued a "hold" rating and issued a $116.00 target price (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group set a $123.00 target price on shares of Coca Cola Femsa in a report on Thursday, October 15th.

Hedge Funds Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Coca Cola Femsa by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock valued at $134,000 after buying an additional 101 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of Coca Cola Femsa by 1.5% during the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company's stock worth $728,000 after buying an additional 112 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Coca Cola Femsa by 0.7% during the third quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock worth $1,942,000 after buying an additional 122 shares during the last quarter. Sage Investment Counsel LLC increased its holdings in shares of Coca Cola Femsa by 5.7% during the first quarter. Sage Investment Counsel LLC now owns 3,700 shares of the company's stock worth $361,000 after buying an additional 200 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of Coca Cola Femsa by 8.6% during the second quarter. Confluence Investment Management LLC now owns 3,788 shares of the company's stock worth $402,000 after buying an additional 300 shares in the last quarter.

Coca Cola Femsa Trading Up 0.1%

Shares of KOF stock opened at $118.20 on Friday. Coca Cola Femsa has a fifty-two week low of $84.00 and a fifty-two week high of $122.14. The stock's fifty day moving average price is $112.06 and its two-hundred day moving average price is $107.89. 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 company has a market cap of $198.65 billion, a PE ratio of 18.64, a P/E/G ratio of 1.60 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. The company had revenue of $4.36 billion during the quarter. Equities analysts predict that Coca Cola Femsa will post 6.98 EPS for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were given a dividend of $1.0838 per share. The ex-dividend date was Friday, October 9th. This represents a $4.34 dividend on an annualized basis and a yield of 3.7%. This is a negative change from Coca Cola Femsa's previous quarterly dividend of $1.1248. Coca Cola Femsa's dividend payout ratio is currently 59.15%.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. is the world's largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company's brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.

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