Coca-Cola FEMSA (KOF) to Release Earnings on Friday

Coca-Cola FEMSA (NYSE:KOF) is set to announce its earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Coca-Cola FEMSA Stock Up 0.5 %

NYSE KOF opened at $85.07 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a 52 week low of $71.10 and a 52 week high of $104.38. The firm has a market capitalization of $142.97 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.71 and a beta of 0.86. The company has a fifty day moving average of $87.88 and a two-hundred day moving average of $89.87.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be paid a dividend of $0.7811 per share. The ex-dividend date of this dividend is Monday, October 14th. This represents a dividend yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is presently 11.97%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KOF shares. Barclays increased their price objective on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, UBS Group cut their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $101.91.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.