Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $102.99 and traded as high as $108.93. Coca Cola Femsa shares last traded at $107.0810, with a volume of 139,429 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on KOF shares. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Barclays upped their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coca Cola Femsa has an average rating of “Moderate Buy” and a consensus price target of $115.00.
Read Our Latest Report on Coca Cola Femsa
Coca Cola Femsa Stock Performance
Coca Cola Femsa (NYSE:KOF – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current fiscal year.
Coca Cola Femsa Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 13th will be paid a dividend of $1.1248 per share. The ex-dividend date of this dividend is Monday, July 13th. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 4.3%. Coca Cola Femsa’s dividend payout ratio is currently 66.67%.
Hedge Funds Weigh In On Coca Cola Femsa
Several institutional investors have recently added to or reduced their stakes in KOF. Bank of America Corp DE raised its holdings in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Coca Cola Femsa during the third quarter valued at $12,584,000. Lakewood Capital Management LP bought a new position in Coca Cola Femsa during the third quarter valued at $10,953,000. Deutsche Bank AG grew its stake in shares of Coca Cola Femsa by 8,190.2% in the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after buying an additional 115,973 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Coca Cola Femsa by 34.6% in the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after buying an additional 77,475 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.
See Also
- Five stocks we like better than Coca Cola Femsa
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Coca Cola Femsa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola Femsa and related companies with MarketBeat.com's FREE daily email newsletter.
