Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Price Target at $113.60

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $114.20.

A number of brokerages recently weighed in on KOF. UBS Group downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Barclays increased their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research report on Wednesday, February 11th.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $106.41 on Friday. The company has a market cap of $178.84 billion, a PE ratio of 17.91, a PEG ratio of 1.15 and a beta of 0.52. The company’s 50-day moving average is $101.60 and its two-hundred day moving average is $98.06. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Equities analysts anticipate that Coca Cola Femsa will post 6.8 earnings per share for the current 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 given a $1.0873 dividend. The ex-dividend date was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio is 66.67%.

Institutional Trading of Coca Cola Femsa

Several hedge funds have recently bought and sold shares of the stock. KBC Group NV acquired a new stake in Coca Cola Femsa during the 1st quarter worth approximately $69,000. ABC Arbitrage SA raised its holdings in Coca Cola Femsa by 108.1% during the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after buying an additional 11,225 shares during the period. Whipplewood Advisors LLC raised its holdings in Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after buying an additional 388 shares during the period. R Squared Ltd acquired a new stake in Coca Cola Femsa during the 1st quarter worth approximately $386,000. Finally, Kathmere Capital Management LLC raised its holdings in Coca Cola Femsa by 1.5% during the 1st quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock worth $728,000 after buying an additional 112 shares during the period.

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.