Coca-Cola FEMSA (NYSE:KOF) Releases Earnings Results, Beats Estimates By $0.03 EPS

Coca-Cola FEMSA (NYSE:KOF) announced its earnings results on Wednesday. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03, reports. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%.

Coca-Cola FEMSA Price Performance

NYSE KOF traded up $1.19 on Friday, reaching $99.86. 22,946 shares of the stock traded hands, compared to its average volume of 163,125. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $96.77 and a 200-day moving average price of $90.80. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on KOF. JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 12th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Finally, UBS Group raised their price target on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.75.

Institutional Investors Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in Coca-Cola FEMSA by 0.8% during the 3rd quarter. Clearbridge Investments LLC now owns 96,111 shares of the company’s stock valued at $7,539,000 after purchasing an additional 734 shares in the last quarter. Sei Investments Co. raised its position in shares of Coca-Cola FEMSA by 17.3% in the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after acquiring an additional 24,017 shares in the last quarter. Dfpg Investments LLC grew its stake in Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock worth $616,000 after buying an additional 678 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Coca-Cola FEMSA by 11.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,175 shares of the company’s stock worth $490,000 after buying an additional 543 shares during the last quarter. Finally, Causeway Capital Management LLC grew its stake in Coca-Cola FEMSA by 13.1% during the 3rd quarter. Causeway Capital Management LLC now owns 126,594 shares of the company’s stock worth $9,930,000 after buying an additional 14,657 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.