Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $100.75 Consensus Target Price from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $100.75.

Several research firms recently weighed in on KOF. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. UBS Group raised their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF opened at $93.34 on Wednesday. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38. The stock has a market capitalization of $156.87 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. The company’s 50 day simple moving average is $96.97 and its 200 day simple moving average is $90.24.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business posted $1.73 EPS. As a group, research analysts predict that Coca-Cola FEMSA will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.81 per share. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s payout ratio is 15.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norden Group LLC acquired a new stake in Coca-Cola FEMSA during the 1st quarter worth approximately $515,000. Claro Advisors LLC lifted its holdings in shares of Coca-Cola FEMSA by 5.7% during the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after purchasing an additional 172 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Coca-Cola FEMSA by 10.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 9,487 shares of the company’s stock worth $922,000 after purchasing an additional 874 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Coca-Cola FEMSA by 20.0% in the first quarter. Kathmere Capital Management LLC now owns 4,879 shares of the company’s stock valued at $474,000 after purchasing an additional 814 shares during the period. Finally, Capital Advisors Wealth Management LLC increased its holdings in Coca-Cola FEMSA by 116.6% in the first quarter. Capital Advisors Wealth Management LLC now owns 5,176 shares of the company’s stock valued at $503,000 after purchasing an additional 2,786 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. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.