Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Consensus Rating of “Buy” by Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given an average recommendation of “Buy” by the five research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $106.50.

Several brokerages have recently commented on KOF. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 1st. UBS Group upped their price target on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, Barclays upped their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently modified their holdings of KOF. Park Avenue Securities LLC raised its holdings in shares of Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after buying an additional 233 shares during the period. Gradient Investments LLC purchased a new stake in Coca-Cola FEMSA during the 4th quarter worth about $494,000. Blue Trust Inc. increased its holdings in Coca-Cola FEMSA by 27.0% during the 4th quarter. Blue Trust Inc. now owns 4,516 shares of the company’s stock worth $352,000 after purchasing an additional 961 shares during the period. R Squared Ltd purchased a new stake in Coca-Cola FEMSA during the 4th quarter worth about $216,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after purchasing an additional 157,530 shares during the period.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $92.66 on Friday. The stock’s fifty day moving average is $92.82 and its two-hundred day moving average is $84.74. The firm has a market capitalization of $155.72 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $101.74.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, research analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Coca-Cola FEMSA Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a $0.8839 dividend. This represents a dividend yield of 3.1%. The ex-dividend date was Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s payout ratio is currently 13.76%.

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.