Coca Cola Femsa S.A.B. de C.V. (KOF) to Issue Quarterly Dividend of $1.12 on July 24th

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Monday, July 13th will be paid a dividend of 1.1248 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, July 13th. This is a 3.4% increase from Coca Cola Femsa’s previous quarterly dividend of $1.09.

Coca Cola Femsa has raised its dividend payment by an average of 0.1%per year over the last three years. Coca Cola Femsa has a dividend payout ratio of 53.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa to earn $7.76 per share next year, which means the company should continue to be able to cover its $3.95 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $109.55 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $184.12 billion, a P/E ratio of 18.44, a PEG ratio of 1.30 and a beta of 0.53. The stock’s 50 day moving average is $105.26 and its 200 day moving average is $102.18. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36.

Coca Cola Femsa (NYSE:KOF) last announced 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 return on equity of 15.40% and a net margin of 7.84%. On average, equities research analysts predict that Coca Cola Femsa will post 6.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. UBS Group downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

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.