Coca Cola Femsa (NYSE:KOF) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Coca Cola Femsa (NYSE:KOF) from a strong-buy rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other brokerages have also recently commented on KOF. UBS Group raised their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Barclays increased their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, HSBC reaffirmed a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Stock Up 1.2%

Shares of NYSE:KOF opened at $112.00 on Friday. The firm has a market capitalization of $188.23 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.49 and a beta of 0.52. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $117.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The firm’s 50-day moving average is $108.69 and its two-hundred day moving average is $105.62.

Coca Cola Femsa (NYSE:KOF) last posted 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 during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. Analysts predict that Coca Cola Femsa will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. This is a positive change 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 4.0%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors have recently bought and sold shares of KOF. Whipplewood Advisors LLC raised its holdings in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after purchasing an additional 388 shares during the period. KBC Group NV acquired a new stake in Coca Cola Femsa during the 1st quarter worth approximately $69,000. Community Financial Services Group LLC purchased a new position in Coca Cola Femsa in the second quarter valued at approximately $92,000. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,270 shares of the company’s stock valued at $120,000 after buying an additional 212 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in Coca Cola Femsa during the fourth quarter worth approximately $188,000.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.