Coca Cola Femsa (NYSE:KOF) Releases Earnings Results

Coca Cola Femsa (NYSE:KOF) released its quarterly earnings data on Monday. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.10, FiscalAI reports. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $102.70 on Monday. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The company has a market capitalization of $172.60 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a fifty day moving average of $106.04 and a 200-day moving average of $104.37.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.4%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is presently 66.33%.

Wall Street Analyst Weigh In

KOF has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Barclays raised their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised 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, July 15th. Finally, Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.40.

Hedge Funds Weigh In On Coca Cola Femsa

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after purchasing an additional 3,351 shares in the last quarter. CW Advisors LLC bought a new position in shares of Coca Cola Femsa during the 2nd quarter valued at $260,000. EverSource Wealth Advisors LLC lifted its stake in shares of Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after purchasing an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Coca Cola Femsa by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after purchasing an additional 12,979 shares during the last quarter.

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.