Coca Cola FEMSA S.A.B. de C.V. (KOF) – What Are Investment Firms Thinking About This Stock?

Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $121.83.

A number of analysts have weighed in on KOF shares. JPMorgan Chase & Co. increased their price objective on Coca Cola FEMSA from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Barclays lifted their target price on Coca Cola FEMSA from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. UBS Group boosted their target price on Coca Cola FEMSA from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings cut Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Finally, HSBC downgraded Coca Cola FEMSA from a “buy” rating to a “hold” rating and decreased their price target for the stock from $120.00 to $116.00 in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Coca Cola FEMSA

A number of large investors have recently bought and sold shares of the company. Everett Harris & Co. CA purchased a new position in Coca Cola FEMSA during the second quarter worth about $7,619,000. Stack Financial Management Inc acquired a new stake in Coca Cola FEMSA in the second quarter valued at about $26,079,000. Summit Global Investments purchased a new stake in Coca Cola FEMSA in the 2nd quarter valued at approximately $4,921,000. ABC Arbitrage SA boosted its holdings in Coca Cola FEMSA by 108.1% in the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after purchasing an additional 11,225 shares in the last quarter. Finally, BIP Wealth LLC purchased a new stake in Coca Cola FEMSA in the 2nd quarter valued at approximately $6,129,000.

Coca Cola FEMSA Trading Up 0.0%

NYSE KOF opened at $115.54 on Friday. The firm’s fifty day moving average is $112.45 and its two-hundred day moving average is $107.01. Coca Cola FEMSA has a one year low of $85.35 and a one year high of $122.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 1.14. The firm has a market cap of $194.18 billion, a PE ratio of 17.64, a P/E/G ratio of 1.57 and a beta of 0.52.

Coca Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.17). The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. Analysts expect that Coca Cola FEMSA will post 6.98 earnings per share for the current year.

Coca Cola FEMSA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $1.0838 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.34 annualized dividend and a yield of 3.8%. This is a decrease from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. Coca Cola FEMSA’s dividend payout ratio is presently 57.40%.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.