Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $101.91 Average PT from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $101.91.

KOF has been the topic of several analyst reports. Barclays boosted their price target on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. 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, UBS Group dropped their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th.

Institutional Trading of Coca-Cola FEMSA

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares during the period. Itau Unibanco Holding S.A. raised its position in shares of Coca-Cola FEMSA by 13.9% in the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after purchasing an additional 62,282 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Coca-Cola FEMSA by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after purchasing an additional 5,166 shares during the period. Sei Investments Co. raised its position in shares of Coca-Cola FEMSA by 7.7% in the second quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock valued at $14,359,000 after purchasing an additional 11,920 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Coca-Cola FEMSA by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after purchasing an additional 4,742 shares during the period.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $89.31 on Friday. The business’s fifty day moving average price is $87.15 and its 200 day moving average price is $91.38. The stock has a market capitalization of $150.10 billion, a P/E ratio of 15.72, a PEG ratio of 0.70 and a beta of 0.85. Coca-Cola FEMSA has a twelve month low of $69.33 and a twelve month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $1.32 earnings per share. As a group, research analysts anticipate that Coca-Cola FEMSA will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is currently 13.20%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.