Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Average Recommendation of “Moderate Buy” by Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $104.6667.

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Barclays reissued an “equal weight” rating and issued a $98.00 target price on shares of Coca Cola Femsa in a report on Tuesday, December 2nd. UBS Group increased their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th.

Coca Cola Femsa Trading Up 2.9%

Shares of Coca Cola Femsa stock opened at $108.88 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The company has a market capitalization of $177.80 billion, a P/E ratio of 18.97, a PEG ratio of 1.35 and a beta of 0.51. Coca Cola Femsa has a 1 year low of $75.91 and a 1 year high of $109.06. The company’s fifty day moving average is $94.62 and its two-hundred day moving average is $88.58.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were paid a dividend of $0.9979 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.7%. Coca Cola Femsa’s dividend payout ratio is 64.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOF. Cullen Capital Management LLC lifted its stake in Coca Cola Femsa by 2.4% in the 2nd 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. ABS Direct Equity Fund LLC raised its holdings in shares of Coca Cola Femsa by 146.9% in the third quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after acquiring an additional 11,246 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Coca Cola Femsa in the second quarter valued at $308,000. FCG Investment Co acquired a new stake in shares of Coca Cola Femsa during the second quarter valued at $1,013,000. Finally, Russell Investments Group Ltd. increased its position in Coca Cola Femsa by 506.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock worth $2,639,000 after purchasing an additional 22,787 shares in the last quarter.

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.