Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $101.91 Consensus Target Price from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $101.91.

KOF has been the topic of several recent research reports. UBS Group dropped their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Barclays lifted their target price on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KOF. Goldman Sachs Group Inc. lifted its position in Coca-Cola FEMSA by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after purchasing an additional 97,238 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth $3,740,000. Leo Wealth LLC purchased a new position in Coca-Cola FEMSA in the fourth quarter worth $1,423,000. B. Riley Wealth Advisors Inc. increased its stake in Coca-Cola FEMSA by 6.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,681 shares of the company’s stock valued at $443,000 after acquiring an additional 286 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in Coca-Cola FEMSA during the first quarter valued at about $285,000.

Coca-Cola FEMSA Trading Down 0.0 %

Shares of KOF opened at $86.85 on Wednesday. The firm has a market cap of $145.97 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86. 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 debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The business has a 50-day moving average of $87.96 and a 200 day moving average of $90.19.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter last year, the company earned $1.32 earnings per share. As a group, research analysts forecast that Coca-Cola FEMSA will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 14th will be paid a $0.7811 dividend. The ex-dividend date is Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s dividend payout ratio is currently 12.32%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.