Coca Cola Femsa (NYSE:KOF) Price Target Raised to $110.00

Coca Cola Femsa (NYSE:KOF) had its target price boosted by Barclays from $98.00 to $110.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

KOF has been the subject of a number of other reports. UBS Group lifted their target price on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Price Performance

KOF opened at $114.36 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The business has a 50-day moving average of $99.56 and a 200-day moving average of $90.26.

Coca Cola Femsa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were paid a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.5%. Coca Cola Femsa’s payout ratio is presently 64.29%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Seafarer Capital Partners LLC grew its holdings in shares of Coca Cola Femsa by 31.8% during the 3rd quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after purchasing an additional 7,000 shares in the last quarter. Cullen Capital Management LLC raised 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 purchasing an additional 12,312 shares in the last quarter. ABS Direct Equity Fund LLC lifted its position in 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 purchasing an additional 11,246 shares during the period. Federated Hermes Inc. boosted its stake in Coca Cola Femsa by 23.0% during the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after buying an additional 35,477 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Coca Cola Femsa by 506.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock valued at $2,639,000 after buying an additional 22,787 shares during the period.

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.