UBS AG upgraded shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) from an underperform rating to a market perform rating in a research note published on Thursday morning.

A number of other equities analysts have also issued reports on the company. Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a sell rating to a neutral rating in a report on Thursday, October 26th. Zacks Investment Research lowered Coca Cola Femsa S.A.B. de C.V. from a buy rating to a hold rating in a report on Wednesday, September 13th. Finally, BidaskClub lowered Coca Cola Femsa S.A.B. de C.V. from a strong-buy rating to a buy rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $85.50.

Shares of Coca Cola Femsa S.A.B. de C.V. (KOF) traded down $0.08 during mid-day trading on Thursday, reaching $68.73. The company had a trading volume of 110,000 shares, compared to its average volume of 92,567. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $59.44 and a 1-year high of $91.85. The company has a market cap of $14,263.62, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 1.01.

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The company also recently declared a semiannual dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.8759 per share. This represents a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 3rd. Coca Cola Femsa S.A.B. de C.V.’s payout ratio is currently 51.32%.

A number of hedge funds and other institutional investors have recently modified their holdings of KOF. Morgan Stanley boosted its stake in Coca Cola Femsa S.A.B. de C.V. by 48.6% during the 1st quarter. Morgan Stanley now owns 74,326 shares of the company’s stock valued at $5,329,000 after purchasing an additional 24,307 shares in the last quarter. Bank of America Corp DE boosted its stake in Coca Cola Femsa S.A.B. de C.V. by 312.8% during the 1st quarter. Bank of America Corp DE now owns 70,267 shares of the company’s stock valued at $5,037,000 after purchasing an additional 53,245 shares in the last quarter. Boyd Watterson Asset Management LLC OH bought a new position in Coca Cola Femsa S.A.B. de C.V. during the 2nd quarter valued at $375,000. Aperio Group LLC boosted its stake in Coca Cola Femsa S.A.B. de C.V. by 8.6% during the 2nd quarter. Aperio Group LLC now owns 58,855 shares of the company’s stock valued at $4,983,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. during the 2nd quarter valued at $2,087,000. 6.66% of the stock is owned by hedge funds and other institutional investors.

Coca Cola Femsa S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

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