Coca Cola FEMSA (NYSE:KOF) Price Target Raised to $125.00

Coca Cola FEMSA (NYSE:KOF) had its target price increased by Barclays from $122.00 to $125.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also recently commented on KOF. Wall Street Zen cut Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Weiss Ratings lowered Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. UBS Group boosted their price objective on Coca Cola FEMSA from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Itau BBA Securities cut Coca Cola FEMSA from an “outperform” rating to a “market perform” rating and set a $116.00 target price for the company. in a report on Tuesday. Finally, HSBC downgraded Coca Cola FEMSA from a “buy” rating to a “hold” rating and dropped their target price for the company from $120.00 to $116.00 in a research report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Coca Cola FEMSA currently has a consensus rating of “Hold” and an average target price of $121.43.

Coca Cola FEMSA Trading Down 1.5%

KOF opened at $114.71 on Tuesday. The company’s 50 day moving average is $112.56 and its 200-day moving average is $107.32. Coca Cola FEMSA has a 1-year low of $85.38 and a 1-year high of $122.14. The company has a current ratio of 1.14, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. The company has a market cap of $192.78 billion, a P/E ratio of 17.51, a PEG ratio of 1.58 and a beta of 0.54.

Coca Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Monday, October 26th. The company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. Equities research analysts predict that Coca Cola FEMSA will post 6.98 earnings per share for the current fiscal year.

Coca Cola FEMSA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were issued a dividend of $1.0838 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.8%. This is a drop from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. The ex-dividend date was Friday, October 9th. Coca Cola FEMSA’s dividend payout ratio (DPR) is presently 57.40%.

Institutional Trading of Coca Cola FEMSA

Several institutional investors have recently modified their holdings of the business. Everett Harris & Co. CA acquired a new position in shares of Coca Cola FEMSA in the 2nd quarter valued at about $7,619,000. Stack Financial Management Inc acquired a new stake in Coca Cola FEMSA during the second quarter worth approximately $26,079,000. Summit Global Investments acquired a new stake in Coca Cola FEMSA during the second quarter worth approximately $4,921,000. ABC Arbitrage SA grew its stake in Coca Cola FEMSA by 108.1% during the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after purchasing an additional 11,225 shares during the period. Finally, BIP Wealth LLC bought a new stake in Coca Cola FEMSA in the second quarter worth approximately $6,129,000.

About Coca Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.