Coca-Cola FEMSA, S.A.B. de C.V. (KOF) to Issue Semi-annual Dividend of $0.88 on May 5th

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) declared a semi-annual dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Tuesday, April 22nd will be given a dividend of 0.8839 per share on Monday, May 5th. This represents a dividend yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. This is a 18.9% increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74.

Coca-Cola FEMSA has raised its dividend payment by an average of 38.7% annually over the last three years. Coca-Cola FEMSA has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coca-Cola FEMSA to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 10.9%.

Coca-Cola FEMSA Trading Down 0.7 %

NYSE:KOF opened at $93.48 on Friday. The company has a market cap of $157.12 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $102.28. The business has a 50 day moving average price of $87.97 and a two-hundred day moving average price of $83.47. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KOF. JPMorgan Chase & Co. raised their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA currently has an average rating of “Buy” and an average target price of $104.75.

About Coca-Cola FEMSA

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.