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

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $117.40.

A number of research firms have recently weighed in on KOF. UBS Group cut their price target on Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. raised their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Barclays lifted their target price on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in shares of Coca Cola Femsa by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after buying an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Coca Cola Femsa by 211.4% in the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. CW Advisors LLC bought a new position in shares of Coca Cola Femsa in the second quarter valued at approximately $260,000. EverSource Wealth Advisors LLC increased its stake in shares of Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after acquiring an additional 601 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after acquiring an additional 12,979 shares during the period.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $102.77 on Friday. The firm has a fifty day moving average of $106.08 and a 200-day moving average of $104.31. The company has a market cap of $172.73 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities analysts anticipate that Coca Cola Femsa will post 6.73 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 13th will be paid a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 66.33%.

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.