Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Target Price at $115.00

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $115.00.

Several analysts have recently issued reports on KOF shares. Barclays increased their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th.

Institutional Trading of Coca Cola Femsa

A number of large investors have recently made changes to their positions in KOF. Caitong International Asset Management Co. Ltd increased its stake in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after buying an additional 153 shares during the period. Huntington National Bank purchased a new stake in shares of Coca Cola Femsa during the third quarter worth approximately $37,000. Whipplewood Advisors LLC increased its stake in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after buying an additional 388 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after buying an additional 422 shares during the period.

Coca Cola Femsa Stock Up 0.1%

Shares of KOF opened at $107.24 on Monday. The stock has a market capitalization of $180.24 billion, a PE ratio of 18.05, a P/E/G ratio of 1.29 and a beta of 0.53. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The company’s 50-day simple moving average is $105.55 and its 200-day simple moving average is $102.88.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Analysts forecast that Coca Cola Femsa will post 6.8 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 13th will be paid a dividend of $1.1248 per share. The ex-dividend date is Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa’s payout ratio is currently 66.67%.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.