Coca-Cola FEMSA (NYSE:KOF) Releases Earnings Results, Beats Estimates By $0.19 EPS

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) announced its quarterly earnings results on Friday. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.01 by $0.19, Zacks reports. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF traded down $0.49 during trading on Friday, reaching $97.92. The company had a trading volume of 150,528 shares, compared to its average volume of 176,528. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The stock's fifty day moving average price is $90.99 and its 200 day moving average price is $84.03. The firm has a market capitalization of $164.57 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a $0.8839 dividend. This is an increase from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. Coca-Cola FEMSA's dividend payout ratio (DPR) is 12.66%.

Analysts Set New Price Targets

KOF has been the subject of several research reports. StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Finally, Barclays raised their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $104.75.

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.

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