Coca Cola Femsa (NYSE:KOF) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF) from a hold rating to a buy rating in a report issued on Monday morning.

A number of other equities analysts also recently commented on KOF. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group lowered their price target on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Barclays reduced their price objective on shares of Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

Coca Cola Femsa Stock Down 1.2%

Shares of NYSE KOF opened at $86.94 on Monday. The stock has a market cap of $146.11 billion, a P/E ratio of 15.15, a PEG ratio of 1.08 and a beta of 0.61. The business’s fifty day simple moving average is $85.19 and its 200-day simple moving average is $88.68. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities analysts predict that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th were given a dividend of $1.0006 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. The ex-dividend date was Tuesday, October 14th. Coca Cola Femsa’s payout ratio is presently 62.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KOF. Huntington National Bank acquired a new position in Coca Cola Femsa during the third quarter worth approximately $37,000. MAI Capital Management grew its position in shares of Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter valued at $44,000. Triumph Capital Management purchased a new stake in Coca Cola Femsa in the 3rd quarter valued at $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Coca Cola Femsa by 46.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after purchasing an additional 216 shares during the period.

Coca Cola Femsa Company Profile

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.