Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock Has Consensus Price Target of $118.83

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have earned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $118.83.

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday, August 26th. Wall Street Zen cut shares of Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Barclays upped their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. UBS Group increased their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, 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.

Coca Cola Femsa Trading Up 1.0%

Coca Cola Femsa stock opened at $106.60 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $117.09. The stock’s 50 day simple moving average is $110.41 and its two-hundred day simple moving average is $106.04. The firm has a market cap of $179.15 billion, a PE ratio of 16.81, a P/E/G ratio of 1.43 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. Analysts anticipate that Coca Cola Femsa will post 6.98 earnings per share for the current year.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a dividend of $1.0838 per share. This is a decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, October 9th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors and hedge funds have recently made changes to their positions in KOF. Everett Harris & Co. CA acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth approximately $7,619,000. Summit Global Investments acquired a new stake in Coca Cola Femsa in the 2nd quarter valued at $4,921,000. Stack Financial Management Inc acquired a new stake in Coca Cola Femsa in the 2nd quarter valued at $26,079,000. ABC Arbitrage SA increased its holdings in Coca Cola Femsa by 108.1% in the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after acquiring an additional 11,225 shares in the last quarter. Finally, BIP Wealth LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter worth $6,129,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.