Coca Cola Femsa (NYSE:KOF) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF) from a buy rating to a strong-buy rating in a report issued on Saturday.

A number of other brokerages have also recently commented on KOF. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. UBS Group lifted their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. HSBC restated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, Barclays lifted their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Coca Cola Femsa has a consensus rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Price Performance

KOF stock opened at $110.33 on Friday. The company has a 50 day simple moving average of $106.31 and a 200 day simple moving average of $105.05. The stock has a market cap of $185.44 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.35 and a beta of 0.52. 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 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The business had revenue of $4.36 billion during the quarter. Research analysts anticipate that Coca Cola Femsa will post 6.75 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This represents a $4.50 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Oxbow Advisors LLC bought a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at $345,000. Wealthfront Advisers LLC bought a new position in Coca Cola Femsa during the second quarter worth $398,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Coca Cola Femsa in the second quarter valued at $141,000. RHS Financial LLC acquired a new position in Coca Cola Femsa in the second quarter valued at $282,000. Finally, Paladin Partners LLC acquired a new position in Coca Cola Femsa in the second quarter valued at $25,000.

Coca Cola Femsa Company Profile

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.