Coca-Cola FEMSA (NYSE:KOF – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03, reports. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion.
Coca-Cola FEMSA Stock Up 0.9 %
Shares of NYSE KOF opened at $99.55 on Friday. The business’s 50 day moving average is $96.75 and its two-hundred day moving average is $90.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 1.02. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38.
Coca-Cola FEMSA Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were paid a dividend of $0.81 per share. The ex-dividend date was Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s payout ratio is currently 13.91%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
KOF has been the subject of a number of analyst reports. UBS Group increased their target price 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. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on 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 upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.75.
View Our Latest Analysis on Coca-Cola FEMSA
About Coca-Cola FEMSA
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.
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