Coca Cola Femsa (NYSE:KOF) Price Target Raised to $127.00 at JPMorgan Chase & Co.

Coca Cola Femsa (NYSE:KOF) had its target price increased by JPMorgan Chase & Co. from $114.00 to $127.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also issued reports on the company. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Barclays boosted their price target 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 dropped their price objective on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $101.69 on Wednesday. The business has a 50-day simple moving average of $106.33 and a two-hundred day simple moving average of $103.96. The company has a market cap of $170.90 billion, a PE ratio of 17.12, a P/E/G ratio of 1.25 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities analysts expect that Coca Cola Femsa will post 6.8 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently declared 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. 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 4.4%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is 67.17%.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the last quarter. ABC Arbitrage SA raised its position in Coca Cola Femsa by 108.1% in the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after purchasing an additional 11,225 shares during the period. Gradient Investments LLC boosted its position in shares of Coca Cola Femsa by 51.5% during the fourth quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock worth $1,906,000 after buying an additional 6,843 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of Coca Cola Femsa by 32.7% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock valued at $3,969,000 after buying an additional 10,319 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Coca Cola Femsa by 4.1% during the 4th quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock worth $17,948,000 after acquiring an additional 7,549 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.