Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) to Issue $0.83 Dividend

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) announced a dividend on Tuesday, July 2nd, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.8325 per share on Friday, July 26th. The ex-dividend date of this dividend is Monday, July 15th.

Coca-Cola FEMSA has decreased its dividend by an average of 9.9% annually over the last three years. Coca-Cola FEMSA has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola FEMSA to earn $7.39 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 12.4%.

Coca-Cola FEMSA Stock Up 2.8 %

Shares of NYSE KOF traded up $2.29 during trading hours on Thursday, reaching $83.43. 143,570 shares of the stock were exchanged, compared to its average volume of 163,597. The stock’s fifty day simple moving average is $92.48 and its 200 day simple moving average is $94.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. Coca-Cola FEMSA has a 52 week low of $69.33 and a 52 week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, equities analysts forecast that Coca-Cola FEMSA will post 6.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Finally, UBS Group lifted their price objective on Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.45.

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.