Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Plans Quarterly Dividend of $0.87

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared a quarterly dividend on Tuesday, July 8th, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.874 per share on Monday, July 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Tuesday, July 15th.

Coca Cola Femsa has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 13.7%.

Coca Cola Femsa Stock Down 3.8%

Shares of NYSE:KOF opened at $94.26 on Wednesday. The stock’s 50-day moving average price is $95.00 and its two-hundred day moving average price is $88.69. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The firm has a market cap of $158.42 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.94 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, research analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

An institutional investor recently raised its position in Coca Cola Femsa stock. NewEdge Advisors LLC increased its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 230,700.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,308 shares of the company’s stock after purchasing an additional 2,307 shares during the quarter. NewEdge Advisors LLC’s holdings in Coca Cola Femsa were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Ratings Changes

KOF has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. UBS Group upped their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, 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. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $107.50.

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.