Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $100.75 Average Price Target from Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $100.75.

Several research analysts recently issued reports on KOF shares. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. UBS Group increased their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th.

Coca-Cola FEMSA Price Performance

Shares of KOF opened at $94.53 on Wednesday. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company has a market capitalization of $158.87 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.00 and a beta of 0.87. The firm has a 50-day simple moving average of $96.86 and a 200-day simple moving average of $90.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.23.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the company posted $1.73 EPS. On average, equities research analysts anticipate that Coca-Cola FEMSA will post 6.57 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 14.96%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $29,000. Hartford Financial Management Inc. grew its position in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Coca-Cola FEMSA by 74.9% in the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after purchasing an additional 248 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Coca-Cola FEMSA by 194.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock valued at $73,000 after purchasing an additional 509 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Coca-Cola FEMSA by 48.7% in the third quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares during the last quarter.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.