Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Consensus Rating of "Buy" by Analysts

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $104.75.

Several research analysts have commented on the stock. Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 3rd. Barclays cut their price objective on 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. Finally, StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th.

Coca-Cola FEMSA Trading Down 0.8 %

Shares of KOF traded down $0.67 during mid-day trading on Monday, hitting $78.96. 129,526 shares of the company's stock traded hands, compared to its average volume of 168,766. The business's 50-day moving average price is $81.81 and its 200-day moving average price is $85.26. Coca-Cola FEMSA has a 1 year low of $77.02 and a 1 year high of $104.38. The firm has a market capitalization of $132.71 billion, a P/E ratio of 13.41, a PEG ratio of 0.71 and a beta of 0.84. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently bought and sold shares of KOF. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA during the third quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Coca-Cola FEMSA in the 2nd quarter worth approximately $32,000. Hartford Financial Management Inc. raised its stake in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock valued at $42,000 after buying an additional 140 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company's stock worth $48,000 after buying an additional 196 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola FEMSA in the third quarter worth $71,000.

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.