Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Raises Dividend to $1.12 Per Share

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Monday, July 13th will be paid a dividend of 1.1248 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, July 13th. This is a 3.4% increase from Coca Cola Femsa’s previous quarterly dividend of $1.09.

Coca Cola Femsa has increased its dividend payment by an average of 0.1%annually over the last three years. Coca Cola Femsa has a payout ratio of 53.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Coca Cola Femsa to earn $7.76 per share next year, which means the company should continue to be able to cover its $3.95 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Price Performance

Shares of KOF stock traded up $1.79 during trading hours on Thursday, hitting $109.24. 121,579 shares of the company’s stock were exchanged, compared to its average volume of 179,241. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The stock’s 50-day moving average is $105.05 and its 200-day moving average is $102.02. 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 stock has a market cap of $183.60 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.53.

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

Wall Street Analysts Forecast Growth

KOF has been the subject of several recent research reports. Barclays boosted their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Coca Cola Femsa Company Profile

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.