JPMorgan Chase & Co. Has Lowered Expectations for Coca Cola Femsa (NYSE:KOF) Stock Price

Key Points

• JPMorgan Chase & Co. has cut the price target for Coca Cola Femsa from $110.00 to $105.00, maintaining a "neutral" rating on the stock, which suggests a potential upside of 20.37% from its current price.
• Recent analyst reports indicate mixed ratings for Coca Cola Femsa, with four analysts recommending a "Buy" and two recommending a "Hold", while the average target price is currently $105.00.
• The stock has had a 52-week range of $72.68 to $101.74, and Coca Cola Femsa reported earnings of $1.30 per share, falling short of analyst expectations of $1.52.

Coca Cola Femsa (NYSE:KOF - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $110.00 to $105.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on KOF. UBS Group upped their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Zacks Research downgraded shares of Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

Coca Cola Femsa Trading Up 2.0%

KOF traded up $1.65 during trading on Monday, hitting $84.53. 327,565 shares of the company's stock were exchanged, compared to its average volume of 249,888. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Coca Cola Femsa has a 1 year low of $72.68 and a 1 year high of $101.74. The stock has a 50 day moving average price of $85.34 and a 200 day moving average price of $90.71. The firm has a market cap of $142.07 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.64.

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

Coca Cola Femsa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.874 per share. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa's dividend payout ratio (DPR) is 60.42%.

Hedge Funds Weigh In On Coca Cola Femsa

Several large investors have recently made changes to their positions in KOF. Focus Partners Wealth bought a new position in shares of Coca Cola Femsa during the 4th quarter valued at about $334,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Coca Cola Femsa during the 4th quarter valued at about $43,000. Millennium Management LLC boosted its position in shares of Coca Cola Femsa by 2.0% during the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company's stock valued at $7,294,000 after purchasing an additional 1,860 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Coca Cola Femsa by 15.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,641 shares of the company's stock valued at $284,000 after purchasing an additional 486 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Coca Cola Femsa by 37.1% during the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company's stock valued at $726,000 after purchasing an additional 2,523 shares in the last quarter.

About Coca Cola Femsa

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.