Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Price Target at $103.91

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given an average recommendation of “Buy” by the seven brokerages that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $103.91.

KOF has been the subject of several analyst reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday. UBS Group decreased their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays decreased their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd.

Coca-Cola FEMSA Stock Performance

KOF opened at $81.33 on Friday. The business’s 50-day moving average price is $86.93 and its two-hundred day moving average price is $89.21. Coca-Cola FEMSA has a 1 year low of $79.32 and a 1 year high of $104.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were issued a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Monday, October 14th. Coca-Cola FEMSA’s payout ratio is currently 11.55%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Coca-Cola FEMSA during the third quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Coca-Cola FEMSA during the second quarter worth approximately $32,000. Hartford Financial Management Inc. lifted its position in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. lifted its position in Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after acquiring an additional 397 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares during the last quarter.

Coca-Cola FEMSA Company Profile

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.