Coca-Cola FEMSA (NYSE:KOF) Price Target Increased to $87.00 by Analysts at JPMorgan Chase & Co.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $87.00 in a research report sent to investors on Friday morning, The Fly reports.

A number of other equities analysts have also recently weighed in on KOF. Barclays upped their price target on Coca-Cola FEMSA from $77.00 to $91.00 in a report on Tuesday, April 18th. StockNews.com initiated coverage on Coca-Cola FEMSA in a report on Thursday, May 18th. They issued a strong-buy rating for the company. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $95.00.

Coca-Cola FEMSA Trading Down 0.0 %

KOF opened at $85.24 on Friday. The firm has a 50 day moving average price of $83.68 and a 200 day moving average price of $75.03. Coca-Cola FEMSA has a 1 year low of $51.96 and a 1 year high of $91.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.63. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Coca-Cola FEMSA had a return on equity of 15.88% and a net margin of 8.60%. Analysts forecast that Coca-Cola FEMSA will post 5.05 EPS for the current year.

Coca-Cola FEMSA Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, May 15th. Stockholders of record on Tuesday, May 2nd were paid a dividend of $1.6048 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Monday, May 1st. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 29.84%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in shares of Coca-Cola FEMSA by 4.1% during the 1st quarter. HighTower Advisors LLC now owns 3,532 shares of the company’s stock valued at $282,000 after acquiring an additional 138 shares in the last quarter. IFP Advisors Inc raised its position in shares of Coca-Cola FEMSA by 57.0% during the 3rd quarter. IFP Advisors Inc now owns 424 shares of the company’s stock valued at $38,000 after acquiring an additional 154 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Coca-Cola FEMSA by 2.3% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 6,808 shares of the company’s stock valued at $548,000 after acquiring an additional 156 shares in the last quarter. Signaturefd LLC raised its position in shares of Coca-Cola FEMSA by 37.7% during the 4th quarter. Signaturefd LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 161 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of Coca-Cola FEMSA by 2.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,640 shares of the company’s stock valued at $534,000 after acquiring an additional 175 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola FEMSA Company Profile

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Coca-Cola FEMSA SAB de CV engages in the business of producing franchise bottles of trademark beverages. It operates under the Mexico and Central America, and South America segments. The Mexico and Central America segment includes Mexico, Guatemala, Nicaragua, Costa Rica, and Panama. The South America segment focuses on Colombia, Brazil, Argentina, and Uruguay.