Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $115.00 Consensus Target Price from Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $115.00.

Several equities research analysts have issued reports on the company. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Barclays upped 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th.

Coca Cola Femsa Trading Up 1.2%

NYSE:KOF opened at $107.24 on Monday. The company has a market cap of $180.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.28 and a beta of 0.53. The stock’s fifty day moving average price is $105.55 and its two-hundred day moving average price is $102.81. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91.

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

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 13th will be issued a $1.1248 dividend. The ex-dividend date of this dividend is Monday, July 13th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.2%. Coca Cola Femsa’s payout ratio is currently 66.67%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KOF. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares during the period. Huntington National Bank bought a new position in Coca Cola Femsa in the third quarter valued at $37,000. Whipplewood Advisors LLC increased its stake in Coca Cola Femsa by 862.2% in the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after acquiring an additional 422 shares during the last quarter.

About Coca Cola Femsa

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.