Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) Stock Has Consensus Target Price of $120.83 According to Analysts

Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $120.83.

KOF has been the subject of a number of analyst reports. Wall Street Zen lowered Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. UBS Group lifted 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. Barclays upped their price target on shares of Coca Cola FEMSA from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Coca Cola FEMSA from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price target 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.

Hedge Funds Weigh In On Coca Cola FEMSA

Hedge funds and other institutional investors have recently modified their holdings of the company. Leo Wealth LLC bought a new stake in shares of Coca Cola FEMSA in the 3rd quarter worth approximately $1,137,000. Quadrant Capital Group LLC increased its stake in shares of Coca Cola FEMSA by 0.7% during the third quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $1,942,000 after buying an additional 122 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Coca Cola FEMSA by 7.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 512,996 shares of the company’s stock valued at $55,424,000 after buying an additional 36,098 shares during the period. Capital Advisors Wealth Management LLC raised its holdings in shares of Coca Cola FEMSA by 3.4% during the third quarter. Capital Advisors Wealth Management LLC now owns 10,111 shares of the company’s stock valued at $1,092,000 after acquiring an additional 330 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Coca Cola FEMSA by 8.8% during the second quarter. QRG Capital Management Inc. now owns 4,950 shares of the company’s stock valued at $526,000 after acquiring an additional 399 shares in the last quarter.

Coca Cola FEMSA Price Performance

NYSE KOF opened at $113.60 on Friday. Coca Cola FEMSA has a 1-year low of $84.93 and a 1-year high of $122.14. The stock has a 50-day moving average of $112.24 and a 200-day moving average of $106.74.

Coca Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, October 26th. The company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.17). The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.36 billion. As a group, equities research analysts forecast that Coca Cola FEMSA will post 6.98 earnings per share for the current year.

Coca Cola FEMSA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were given a $1.0838 dividend. The ex-dividend date was Friday, October 9th. This is a negative change from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.8%.

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.