Coca-Cola FEMSA (NYSE:KOF) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other equities analysts have also commented on KOF. Barclays raised their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Morgan Stanley raised shares of Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. UBS Group raised their price target on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Coca-Cola FEMSA Stock Up 0.1%

KOF opened at $97.00 on Friday. The company has a 50 day moving average of $94.52 and a 200 day moving average of $86.28. The company has a market cap of $163.03 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $101.74. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were given a $0.8839 dividend. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca-Cola FEMSA’s payout ratio is 13.76%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Coca-Cola FEMSA in the 1st quarter worth about $88,634,000. Corvex Management LP boosted its stake in Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after buying an additional 619,931 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Coca-Cola FEMSA in the 1st quarter valued at $8,782,000. Northern Trust Corp boosted its stake in shares of Coca-Cola FEMSA by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after purchasing an additional 88,873 shares in the last quarter. Finally, Hosking Partners LLP purchased a new stake in shares of Coca-Cola FEMSA in the 1st quarter valued at $7,918,000.

Coca-Cola FEMSA Company Profile

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.