Coca Cola Femsa (NYSE:KOF) Price Target Raised to $111.00

Coca Cola Femsa (NYSE:KOF) had its price target hoisted by The Goldman Sachs Group from $97.00 to $111.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

KOF has been the subject of a number of other reports. UBS Group increased 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 report on Friday, January 9th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Wednesday, January 28th. Barclays upped their price target on Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $112.84 on Wednesday. The business has a 50 day simple moving average of $100.00 and a two-hundred day simple moving average of $90.46. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36. The stock has a market capitalization of $189.65 billion, a P/E ratio of 19.66, a PEG ratio of 1.47 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90.

Coca Cola Femsa Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is 64.29%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after purchasing an additional 99 shares during the period. CWM LLC lifted its holdings in Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after buying an additional 119 shares in the last quarter. Signaturefd LLC boosted its position in Coca Cola Femsa by 22.7% in the 4th quarter. Signaturefd LLC now owns 708 shares of the company’s stock valued at $67,000 after buying an additional 131 shares during the period. EverSource Wealth Advisors LLC boosted its position in Coca Cola Femsa by 14.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after buying an additional 135 shares during the period. Finally, D Orazio & Associates Inc. grew its stake in shares of Coca Cola Femsa by 5.3% in the second quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock worth $266,000 after acquiring an additional 138 shares in the last quarter.

About Coca Cola Femsa

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.