Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $98.50 and traded as high as $105.80. Coca Cola Femsa shares last traded at $105.4950, with a volume of 87,498 shares.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. UBS Group downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.20.
View Our Latest Report on Coca Cola Femsa
Coca Cola Femsa Trading Up 0.3%
Coca Cola Femsa (NYSE:KOF – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.
Coca Cola Femsa Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were paid a dividend of $1.0873 per share. The ex-dividend date of this dividend was 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 4.1%. Coca Cola Femsa’s dividend payout ratio is 66.67%.
Institutional Investors Weigh In On Coca Cola Femsa
Several large investors have recently made changes to their positions in the company. Seafarer Capital Partners LLC lifted its position in Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock valued at $2,410,000 after purchasing an additional 7,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the last quarter. Federated Hermes Inc. lifted its position in Coca Cola Femsa by 23.0% during the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after purchasing an additional 35,477 shares during the last quarter. Oxbow Advisors LLC bought a new position in Coca Cola Femsa during the third quarter valued at $2,826,000. Finally, R Squared Ltd bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at approximately $464,000.
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.
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