Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $117.40.

KOF has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Barclays lifted their price target on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, UBS Group reduced their price objective on Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $102.60 on Friday. The company’s fifty day moving average price is $106.25 and its 200 day moving average price is $104.00. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a market capitalization of $172.44 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.23 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, sell-side analysts predict that Coca Cola Femsa will post 6.8 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 13th will be issued a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is presently 67.17%.

Institutional Trading of Coca Cola Femsa

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Coca Cola Femsa by 19.1% during the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Coca Cola Femsa by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after buying an additional 101 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Coca Cola Femsa by 1.5% during the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock worth $728,000 after buying an additional 112 shares during the period. Signaturefd LLC boosted its stake in shares of Coca Cola Femsa by 22.7% during the fourth quarter. Signaturefd LLC now owns 708 shares of the company’s stock worth $67,000 after buying an additional 131 shares during the period. Finally, Vise Technologies Inc. grew its holdings in shares of Coca Cola Femsa by 0.6% during the fourth quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock worth $2,261,000 after buying an additional 150 shares during the last quarter.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.