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

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $111.60.

KOF has been the topic of several research analyst reports. Barclays upped their price objective on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Wednesday, March 25th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Wednesday, February 11th. The Goldman Sachs Group upped their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th.

Hedge Funds Weigh In On Coca Cola Femsa

Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its stake in Coca Cola Femsa by 3.6% in the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock valued at $29,547,000 after purchasing an additional 10,713 shares during the last quarter. Summit Global Investments bought a new stake in Coca Cola Femsa during the 4th quarter valued at $1,701,000. Vident Advisory LLC raised its holdings in Coca Cola Femsa by 2.4% during the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock valued at $615,000 after acquiring an additional 152 shares during the period. NewEdge Advisors LLC raised its holdings in Coca Cola Femsa by 2,987.3% during the 4th quarter. NewEdge Advisors LLC now owns 2,192 shares of the company’s stock valued at $208,000 after acquiring an additional 2,121 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Coca Cola Femsa by 1.8% during the 4th quarter. Voloridge Investment Management LLC now owns 81,644 shares of the company’s stock valued at $7,733,000 after acquiring an additional 1,469 shares during the period.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $104.64 on Wednesday. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The stock’s 50 day moving average price is $104.27 and its 200-day moving average price is $95.68. The company has a market capitalization of $175.86 billion, a PE ratio of 17.56, a PEG ratio of 1.12 and a beta of 0.54. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The firm had revenue of $4.31 billion for the quarter. On average, equities analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 20th will be paid a $1.0873 dividend. The ex-dividend date is Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. This represents a $4.35 annualized dividend and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.60%.

About Coca Cola Femsa

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.