Analysts Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Price Target at $117.40

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $117.40.

A number of equities research analysts recently issued reports on KOF shares. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Barclays boosted their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group dropped their target price on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its position in Coca Cola Femsa by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Coca Cola Femsa by 211.4% in the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after purchasing an additional 3,351 shares during the last quarter. CW Advisors LLC purchased a new stake in Coca Cola Femsa during the second quarter valued at about $260,000. EverSource Wealth Advisors LLC grew its stake in shares of Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after buying an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after buying an additional 12,979 shares during the last quarter.

Coca Cola Femsa Stock Up 0.3%

Coca Cola Femsa stock opened at $104.05 on Friday. The firm has a market capitalization of $174.87 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.27 and a beta of 0.53. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $106.14 and a 200 day simple moving average of $104.18.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. On average, analysts predict that Coca Cola Femsa will post 6.73 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 13th will be paid a $1.1248 dividend. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, July 13th. Coca Cola Femsa’s payout ratio is currently 66.33%.

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.