Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $99.55.

Several equities research analysts have recently commented on KOF shares. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. 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 research note on Friday, April 12th. Barclays dropped their target price on Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. 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 dropped their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several institutional investors have recently added to or reduced their stakes in the stock. Americana Partners LLC boosted its stake in Coca-Cola FEMSA by 12.6% in the second quarter. Americana Partners LLC now owns 3,937 shares of the company’s stock valued at $338,000 after acquiring an additional 439 shares during the last quarter. TrueMark Investments LLC purchased a new position in Coca-Cola FEMSA in the second quarter valued at approximately $259,000. Bank of New York Mellon Corp grew its holdings in Coca-Cola FEMSA by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock valued at $1,413,000 after purchasing an additional 476 shares during the period. Fifth Third Bancorp increased its position in Coca-Cola FEMSA by 5,596.3% in the second quarter. Fifth Third Bancorp now owns 1,538 shares of the company’s stock worth $132,000 after buying an additional 1,511 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Coca-Cola FEMSA by 6.2% in the second quarter. Raymond James & Associates now owns 17,171 shares of the company’s stock valued at $1,474,000 after buying an additional 1,000 shares during the period.

Coca-Cola FEMSA Trading Up 1.1 %

Shares of Coca-Cola FEMSA stock opened at $88.77 on Friday. Coca-Cola FEMSA has a 52 week low of $69.33 and a 52 week high of $104.38. The stock has a 50 day moving average price of $87.72 and a two-hundred day moving average price of $93.53. 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 (NYSE:KOF) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm posted $1.32 EPS. Sell-side analysts forecast that Coca-Cola FEMSA will post 6.59 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 15th were paid a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is 13.20%.

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.