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 released on Saturday.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a research report on Wednesday. JPMorgan Chase & Co. cut shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Wednesday, January 28th. Finally, UBS Group increased their price objective on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Stock Down 1.2%

Shares of KOF stock opened at $112.84 on Friday. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $100.00 and a 200-day moving average of $90.51.

Coca Cola Femsa Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a $0.9979 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is 64.29%.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in Coca Cola Femsa by 19.1% during the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares during the period. CWM LLC lifted its position in shares of Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after buying an additional 119 shares during the last quarter. Signaturefd LLC lifted its position in shares of Coca Cola Femsa by 22.7% in the fourth quarter. Signaturefd LLC now owns 708 shares of the company’s stock valued at $67,000 after buying an additional 131 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Coca Cola Femsa by 14.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after acquiring an additional 135 shares during the period. Finally, D Orazio & Associates Inc. increased its holdings in shares of Coca Cola Femsa by 5.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock worth $266,000 after acquiring an additional 138 shares during the last quarter.

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.