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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $114.20.

Several brokerages have recently commented on KOF. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. The Goldman Sachs Group increased their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Finally, Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. NewEdge Advisors LLC boosted its holdings in Coca Cola Femsa by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after purchasing an additional 3,351 shares during the last quarter. CW Advisors LLC purchased a new position in Coca Cola Femsa during the second quarter worth about $260,000. EverSource Wealth Advisors LLC boosted its holdings in Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after purchasing an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock worth $11,778,000 after purchasing an additional 12,979 shares during the last quarter.

Coca Cola Femsa Stock Performance

Shares of Coca Cola Femsa stock opened at $105.71 on Friday. The company has a market cap of $177.66 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The business has a 50 day moving average price of $101.60 and a 200-day moving average price of $98.06. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. Equities analysts anticipate that Coca Cola Femsa will post 6.8 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were issued a dividend of $1.0873 per share. This represents a $4.35 annualized dividend and a yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, April 20th. Coca Cola Femsa’s dividend payout ratio is presently 66.50%.

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.