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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $104.00.

KOF has been the subject of several research reports. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, UBS Group lowered their price objective on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank acquired a new position in shares of Coca Cola Femsa during the third quarter worth $37,000. MAI Capital Management lifted its holdings in Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after buying an additional 201 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coca Cola Femsa by 46.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock valued at $66,000 after acquiring an additional 216 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares during the last quarter.

Coca Cola Femsa Stock Down 0.6%

Shares of NYSE:KOF opened at $87.87 on Friday. The firm has a market capitalization of $147.68 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Coca Cola Femsa has a 1 year low of $72.68 and a 1 year high of $101.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The firm’s 50-day moving average is $85.14 and its two-hundred day moving average is $88.76.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were issued a dividend of $1.0006 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. The ex-dividend date was Tuesday, October 14th. This represents a $4.00 annualized dividend and a yield of 4.6%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 62.54%.

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.