Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $106.50 Consensus Target Price from Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $106.50.

KOF has been the topic of a number of analyst reports. UBS Group increased their price target on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Morgan Stanley raised Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Barclays lifted their price target on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.

Coca Cola Femsa Trading Down 0.9%

Shares of KOF stock opened at $94.23 on Thursday. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a market capitalization of $158.37 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.60. The firm has a 50 day moving average price of $95.13 and a two-hundred day moving average price of $87.26. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Coca Cola Femsa’s previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 13.93%.

Institutional Trading of Coca Cola Femsa

Several institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Coca Cola Femsa during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC raised its position in shares of Coca Cola Femsa by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after acquiring an additional 375 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Coca Cola Femsa in the first quarter worth approximately $41,000. Banque de Luxembourg S.A. bought a new stake in Coca Cola Femsa in the fourth quarter valued at approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Coca Cola Femsa in the fourth quarter valued at approximately $43,000.

Coca Cola Femsa Company Profile

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.