Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) to Issue Quarterly Dividend of $1.00

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Tuesday, November 25th. Stockholders of record on Monday, December 8th will be paid a dividend of 0.9979 per share on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, December 8th.

Coca Cola Femsa has raised its dividend by an average of 0.1%annually over the last three years. Coca Cola Femsa has a dividend payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.59 annual dividend with an expected future payout ratio of 52.3%.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded up $1.19 during midday trading on Wednesday, reaching $87.93. The company had a trading volume of 59,199 shares, compared to its average volume of 216,760. The stock has a market cap of $147.77 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.08 and a beta of 0.61. The company’s 50 day moving average price is $85.38 and its 200 day moving average price is $88.42. 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 has a 52-week low of $72.68 and a 52-week high of $101.74.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. UBS Group lowered their price objective on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Barclays cut their target price on shares of Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.