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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $115.00.

A number of brokerages have commented on KOF. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. JPMorgan Chase & Co. upped their price objective on Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Barclays upped their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, UBS Group lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOF. Bank of America Corp DE lifted its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Coca Cola Femsa during the 3rd quarter worth $12,584,000. Lakewood Capital Management LP bought a new position in shares of Coca Cola Femsa during the third quarter worth about $10,953,000. Deutsche Bank AG raised its position in shares of Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after acquiring an additional 115,973 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after acquiring an additional 77,475 shares during the last quarter.

Coca Cola Femsa Stock Up 0.0%

KOF opened at $109.55 on Monday. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The stock’s fifty day simple moving average is $105.37 and its 200 day simple moving average is $102.33. 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 stock has a market cap of $184.12 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data 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%. As a group, research analysts expect that Coca Cola Femsa will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 13th will be issued a $1.1248 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s payout ratio is currently 66.67%.

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.