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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $115.00.

KOF has been the subject of a number of analyst reports. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Barclays raised their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $109.82 on Thursday. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The firm has a fifty day simple moving average of $102.01 and a 200 day simple moving average of $100.05. The company has a market capitalization of $184.57 billion, a PE ratio of 18.49, a P/E/G ratio of 1.31 and a beta of 0.52. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. On average, sell-side analysts forecast that Coca Cola Femsa will post 6.79 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were issued a $1.0873 dividend. The ex-dividend date was Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. This represents a $4.35 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s dividend payout ratio is 66.67%.

Institutional Investors Weigh In On Coca Cola Femsa

A number of large investors have recently bought and sold shares of the stock. Boston Partners grew its holdings in Coca Cola Femsa by 1.9% in the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after purchasing an additional 31,499 shares during the period. Bank of America Corp DE grew its holdings in shares of Coca Cola Femsa by 87.4% during the second 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 last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Coca Cola Femsa by 0.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company’s stock valued at $48,465,000 after buying an additional 1,915 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Coca Cola Femsa by 3.6% during the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock valued at $29,547,000 after buying an additional 10,713 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares during 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.