Coca Cola Femsa (NYSE:KOF) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Coca Cola Femsa (NYSE:KOF) issued its quarterly earnings results on Monday. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.10, FiscalAI reports. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.32 billion.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $102.69 on Monday. The business has a fifty day simple moving average of $106.04 and a 200 day simple moving average of $104.37. The company has a market cap of $172.60 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.25 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.4%. Coca Cola Femsa’s payout ratio is presently 66.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after purchasing an additional 300 shares during the last quarter. Triumph Capital Management acquired a new stake in Coca Cola Femsa in the third quarter valued at approximately $49,000. Finally, Parallel Advisors LLC grew its stake in shares of Coca Cola Femsa by 19.1% during the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after buying an additional 99 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KOF shares. Barclays increased their price target on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, UBS Group decreased their target price on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

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.