Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $111.60 Average Price Target from Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $111.60.

KOF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Barclays raised their target price on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a report on Wednesday, February 11th.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $102.90 on Wednesday. The stock has a market cap of $172.94 billion, a PE ratio of 17.27, a P/E/G ratio of 1.12 and a beta of 0.54. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The stock has a fifty day simple moving average of $104.17 and a 200-day simple moving average of $95.96.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The business had revenue of $4.31 billion during the quarter. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. Equities analysts anticipate that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 20th will be issued a dividend of $1.0873 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is 61.91%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners boosted its holdings in Coca Cola Femsa by 1.9% during the 4th quarter. Boston Partners now owns 1,681,676 shares of the company’s stock valued at $159,287,000 after acquiring an additional 31,499 shares during the period. Bank of America Corp DE boosted its holdings in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after acquiring an additional 274,894 shares during the period. Cullen Capital Management LLC boosted its stake in shares of Coca Cola Femsa by 2.4% in the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after buying an additional 12,312 shares during the period. Invesco Ltd. boosted its stake in shares of Coca Cola Femsa by 3.6% in the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock valued at $29,547,000 after buying an additional 10,713 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares during the period.

About Coca Cola Femsa

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.