Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Target Price at $104.75

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $104.75.

A number of research firms recently issued reports on KOF. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays dropped their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th.

Coca-Cola FEMSA Stock Down 0.1 %

Shares of KOF opened at $78.85 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market cap of $132.52 billion, a P/E ratio of 13.39, a PEG ratio of 0.71 and a beta of 0.84. The stock’s 50 day moving average is $81.32 and its two-hundred day moving average is $85.04. Coca-Cola FEMSA has a 12 month low of $77.02 and a 12 month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is presently 11.71%.

Institutional Trading of Coca-Cola FEMSA

Hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Coca-Cola FEMSA by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after purchasing an additional 17,208 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after buying an additional 304,197 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after buying an additional 110,926 shares during the last quarter. Natixis Advisors LLC boosted its stake in Coca-Cola FEMSA by 4.4% during the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after buying an additional 9,911 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Coca-Cola FEMSA by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after acquiring an additional 5,166 shares during the last quarter.

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.