Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives $104.67 Consensus Target Price from Analysts

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $103.00.

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Wednesday. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Barclays reiterated an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, December 2nd.

Institutional Investors Weigh In On Coca Cola Femsa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Capital Management LLC boosted its stake in shares of Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after buying an additional 12,312 shares during the period. ABS Direct Equity Fund LLC raised its stake in Coca Cola Femsa by 146.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock valued at $1,571,000 after acquiring an additional 11,246 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter valued at approximately $308,000. FCG Investment Co acquired a new stake in Coca Cola Femsa during the 2nd quarter worth approximately $1,013,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Coca Cola Femsa by 506.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock valued at $2,639,000 after purchasing an additional 22,787 shares during the last quarter.

Coca Cola Femsa Stock Down 2.7%

Shares of NYSE KOF opened at $104.10 on Friday. The stock has a market cap of $179.86 billion, a P/E ratio of 18.14, a PEG ratio of 1.36 and a beta of 0.51. The business’s fifty day simple moving average is $95.33 and its 200-day simple moving average is $88.82. Coca Cola Femsa has a 12-month low of $76.36 and a 12-month high of $109.06. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50.

Coca Cola Femsa Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a dividend of $0.9979 per share. This represents a $3.99 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s payout ratio is currently 64.29%.

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.