Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Price Target at $104.00

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $104.00.

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays reaffirmed an “equal weight” rating and set a $98.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. decreased their price target on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KOF. Boston Partners lifted its position in Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after purchasing an additional 1,644,614 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Coca Cola Femsa during the 1st quarter worth approximately $88,634,000. Bank of America Corp DE lifted its holdings in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after buying an additional 274,894 shares during the period. Cullen Capital Management LLC boosted its stake in shares of Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after buying an additional 12,312 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Coca Cola Femsa by 4.1% in the second quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock valued at $35,944,000 after buying an additional 14,773 shares in the last quarter.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $91.74 on Thursday. The company’s 50 day simple moving average is $86.28 and its 200-day simple moving average is $88.21. The firm has a market cap of $154.18 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.51. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, December 8th will be paid a $0.9979 dividend. This represents a $3.99 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.72%.

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.