Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Average Rating of “Moderate Buy” from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $100.75.

A number of equities analysts have recently commented on KOF shares. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. UBS Group raised their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th.

Institutional Trading of Coca-Cola FEMSA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Coca-Cola FEMSA by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after purchasing an additional 97,238 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Coca-Cola FEMSA by 3.2% in the 1st quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock worth $56,547,000 after purchasing an additional 31,937 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Coca-Cola FEMSA by 53.2% in the 1st quarter. Bank of America Corp DE now owns 696,964 shares of the company’s stock worth $56,085,000 after purchasing an additional 241,948 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Coca-Cola FEMSA by 22.8% in the 4th quarter. Lazard Asset Management LLC now owns 629,310 shares of the company’s stock worth $42,717,000 after purchasing an additional 116,723 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Coca-Cola FEMSA by 48.7% in the 4th quarter. Morgan Stanley now owns 537,866 shares of the company’s stock worth $36,510,000 after purchasing an additional 176,095 shares in the last quarter.

Coca-Cola FEMSA Trading Down 2.1 %

Shares of KOF opened at $92.83 on Wednesday. The company’s fifty day moving average is $97.26 and its two-hundred day moving average is $90.09. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business earned $1.73 EPS. Equities analysts predict that Coca-Cola FEMSA will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 15.34%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.