Coca Cola Femsa (NYSE:KOF) Given New $111.00 Price Target at The Goldman Sachs Group

Coca Cola Femsa (NYSE:KOF) had its price target boosted by The Goldman Sachs Group from $97.00 to $111.00 in a research note released on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

KOF has been the topic of a number of other reports. UBS Group raised their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays raised their target price on Coca Cola Femsa from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Stock Performance

Shares of KOF stock traded up $2.31 during trading hours on Wednesday, reaching $114.93. 35,937 shares of the stock were exchanged, compared to its average volume of 192,294. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $114.90. The business’s fifty day moving average is $99.09 and its two-hundred day moving average is $90.09. The company has a quick ratio of 0.90, a current ratio of 1.10 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 issued a dividend of $0.9979 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.5%. Coca Cola Femsa’s dividend payout ratio is currently 64.29%.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in shares of Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares in the last quarter. CWM LLC increased its stake in shares of Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after purchasing an additional 119 shares during the last quarter. Signaturefd LLC raised its stake in Coca Cola Femsa by 22.7% during the fourth quarter. Signaturefd LLC now owns 708 shares of the company’s stock worth $67,000 after acquiring an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 14.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after purchasing an additional 135 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in Coca Cola Femsa by 5.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock worth $266,000 after purchasing an additional 138 shares in the last quarter.

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.