Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $115.00.

Several research analysts recently weighed in on KOF shares. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings cut shares of Coca Cola Femsa from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th.

Coca Cola Femsa Stock Up 1.1%

Shares of NYSE KOF opened at $109.82 on Thursday. The stock has a market capitalization of $184.57 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.31 and a beta of 0.52. The company has a 50-day moving average price of $102.01 and a 200-day moving average price of $100.05. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data 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%. On average, equities research analysts forecast that Coca Cola Femsa will post 6.79 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were issued a dividend of $1.0873 per share. This represents a $4.35 annualized dividend and a yield of 4.0%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, April 20th. Coca Cola Femsa’s dividend payout ratio is presently 66.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Bank of America Corp DE boosted its holdings in Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Coca Cola Femsa in the third quarter worth about $12,584,000. Lakewood Capital Management LP bought a new stake in Coca Cola Femsa in the third quarter worth about $10,953,000. Deutsche Bank AG raised its position in Coca Cola Femsa by 8,190.2% in the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after acquiring an additional 115,973 shares during the period. Finally, Invesco Ltd. raised its position in Coca Cola Femsa by 34.6% in the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after acquiring an additional 77,475 shares during the period.

Coca Cola Femsa Company Profile

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.