Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $118.83.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. UBS Group boosted their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Barclays increased their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th.

Coca Cola Femsa Trading Up 0.1%

Shares of KOF opened at $106.60 on Wednesday. The business’s 50-day moving average price is $110.41 and its 200 day moving average price is $106.09. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $179.15 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.45 and a beta of 0.52. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $117.09.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. Analysts expect that Coca Cola Femsa will post 6.98 earnings per share for the current year.

Coca Cola Femsa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $1.0838 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.34 annualized dividend and a yield of 4.1%. This is a decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

Hedge Funds Weigh In On Coca Cola Femsa

Several institutional investors and hedge funds have recently bought and sold shares of KOF. QRG Capital Management Inc. lifted its position in shares of Coca Cola Femsa by 8.8% in the second quarter. QRG Capital Management Inc. now owns 4,950 shares of the company’s stock worth $526,000 after purchasing an additional 399 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Coca Cola Femsa during the second quarter valued at approximately $235,000. Public Employees Retirement System of Ohio purchased a new position in Coca Cola Femsa during the second quarter valued at approximately $2,319,000. BIP Wealth LLC acquired a new position in Coca Cola Femsa in the 2nd quarter valued at approximately $6,129,000. Finally, Phillips Financial Management LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter worth approximately $381,000.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.