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

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $106.50.

Several research firms have weighed in on KOF. Wall Street Zen lowered Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Morgan Stanley raised Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Finally, UBS Group boosted 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.

Coca-Cola FEMSA Stock Up 0.6%

Shares of Coca-Cola FEMSA stock opened at $97.04 on Thursday. The business’s 50 day simple moving average is $95.15 and its 200 day simple moving average is $87.16. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $101.74. The firm has a market cap of $163.09 billion, a PE ratio of 16.48, a P/E/G ratio of 0.62 and a beta of 0.60. 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 (NYSE:KOF) last announced its earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its stake in shares of Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,902 shares during the period. Envestnet Asset Management Inc. grew its holdings in Coca-Cola FEMSA by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock valued at $17,515,000 after buying an additional 3,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after buying an additional 4,214 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Coca-Cola FEMSA by 46.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock worth $8,011,000 after buying an additional 32,674 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Coca-Cola FEMSA by 106.1% during the fourth quarter. Corient Private Wealth LLC now owns 16,868 shares of the company’s stock worth $1,314,000 after buying an additional 8,685 shares in the last quarter.

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.