Coca-Cola FEMSA (NYSE:KOF) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Separately, Barclays increased their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Trading Down 0.7 %

Shares of Coca-Cola FEMSA stock opened at $93.48 on Friday. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The company has a market capitalization of $157.12 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.62 and a beta of 0.58. The business has a fifty day simple moving average of $87.97 and a two-hundred day simple moving average of $83.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Research analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s dividend payout ratio is presently 12.66%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of hedge funds have recently added to or reduced their stakes in KOF. Corvex Management LP increased its position in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after purchasing an additional 619,931 shares during the period. JPMorgan Chase & Co. grew its stake in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after buying an additional 378,325 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after buying an additional 157,530 shares during the period. Northern Trust Corp raised its position in shares of Coca-Cola FEMSA by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after buying an additional 88,873 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $6,533,000.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.