Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Consensus Rating of “Hold” by Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $105.3333.

A number of research firms have weighed in on KOF. Weiss Ratings lowered shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Barclays reduced their price objective on shares of Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Zacks Research lowered Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 24th. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. decreased their price target on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, September 15th.

Institutional Investors Weigh In On Coca Cola Femsa

A number of institutional investors have recently modified their holdings of KOF. Boston Partners raised its stake in Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after buying an additional 1,644,614 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Coca Cola Femsa during the 1st quarter worth about $88,634,000. Auto Owners Insurance Co raised its position in shares of Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock worth $29,019,000 after acquiring an additional 294,400 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Coca Cola Femsa in the first quarter worth approximately $8,782,000.

Coca Cola Femsa Stock Up 2.2%

Shares of NYSE:KOF opened at $90.42 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The company has a market capitalization of $151.97 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Coca Cola Femsa has a 52-week low of $72.68 and a 52-week high of $101.74. The company has a fifty day moving average of $84.58 and a 200-day moving average of $89.03.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, equities analysts predict that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were given a dividend of $1.0006 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a $4.00 dividend on an annualized basis and a yield of 4.4%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s payout ratio is currently 62.54%.

About Coca Cola Femsa

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.