Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $104.75 Consensus Target Price from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have covered the stock in the last year is $104.75.

A number of research analysts have weighed in on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Barclays reduced their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $93.00 to $102.00 in a report on Tuesday, October 29th.

Coca-Cola FEMSA Stock Down 0.4 %

KOF stock opened at $74.97 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $126.00 billion, a PE ratio of 12.73, a PEG ratio of 0.55 and a beta of 0.83. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $104.38. The stock has a 50-day simple moving average of $78.55 and a two-hundred day simple moving average of $83.85.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is 11.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KOF. Bank of New York Mellon Corp grew its holdings in shares of Coca-Cola FEMSA by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock worth $1,413,000 after purchasing an additional 476 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Coca-Cola FEMSA in the 2nd quarter worth approximately $327,000. Envestnet Asset Management Inc. lifted its position in Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after buying an additional 5,166 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock worth $12,447,000 after buying an additional 4,742 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Coca-Cola FEMSA by 8.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,747 shares of the company’s stock worth $665,000 after buying an additional 582 shares during the last quarter.

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.