Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $100.75 Average Target Price from Analysts

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $100.75.

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

Institutional Investors Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently made changes to their positions in KOF. Advisor Group Holdings Inc. boosted its holdings in Coca-Cola FEMSA by 367.9% in the first quarter. Advisor Group Holdings Inc. now owns 13,429 shares of the company’s stock valued at $365,000 after acquiring an additional 10,559 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Coca-Cola FEMSA by 10.8% in the 1st quarter. Bank of New York Mellon Corp now owns 13,352 shares of the company’s stock valued at $734,000 after purchasing an additional 1,301 shares during the last quarter. Citigroup Inc. grew its position in shares of Coca-Cola FEMSA by 23.4% during the 1st quarter. Citigroup Inc. now owns 31,532 shares of the company’s stock worth $1,732,000 after buying an additional 5,986 shares during the period. BlackRock Inc. grew its position in shares of Coca-Cola FEMSA by 3.2% during the 1st quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock worth $56,547,000 after buying an additional 31,937 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in shares of Coca-Cola FEMSA during the first quarter worth approximately $974,000.

Coca-Cola FEMSA Trading Up 0.1 %

KOF stock opened at $93.34 on Wednesday. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year 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. The business’s 50 day moving average is $96.97 and its 200-day moving average is $90.24. The firm has a market cap of $156.87 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.99 and a beta of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. During the same period in the prior year, the firm earned $1.73 EPS. Equities analysts anticipate that Coca-Cola FEMSA will post 6.57 earnings per share 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. Investors of record on Monday, April 15th will be issued a $0.81 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, April 12th. Coca-Cola FEMSA’s dividend payout ratio is currently 15.34%.

Coca-Cola FEMSA Company Profile

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.