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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $118.8333.

Several brokerages have issued reports on KOF. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday, August 26th. HSBC restated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Barclays upped their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th.

Institutional Trading of Coca Cola Femsa

A number of institutional investors have recently modified their holdings of the company. ABC Arbitrage SA raised its stake in shares of Coca Cola Femsa by 108.1% during 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. Summit Global Investments acquired a new stake in Coca Cola Femsa in the second quarter valued at approximately $4,921,000. Everett Harris & Co. CA purchased a new position in Coca Cola Femsa in the second quarter worth $7,619,000. Stack Financial Management Inc purchased a new position in Coca Cola Femsa in the second quarter worth $26,079,000. Finally, BIP Wealth LLC acquired a new position in shares of Coca Cola Femsa during the second quarter worth $6,129,000.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $112.04 on Friday. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $117.09. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $108.24 and a two-hundred day simple moving average of $105.69. The stock has a market capitalization of $188.31 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.52 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, analysts predict that Coca Cola Femsa will post 7.03 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This is a boost 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 annualized dividend and a yield of 4.0%. Coca Cola Femsa’s payout ratio is 62.15%.

Coca Cola Femsa Company Profile

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.