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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) has been given a consensus rating of "Buy" by the five analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $104.75.

A number of research firms recently issued reports on KOF. JPMorgan Chase & Co. upped their target price 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. Barclays upped their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th.

Coca-Cola FEMSA Stock Up 0.4 %

Coca-Cola FEMSA stock opened at $96.75 on Wednesday. The firm has a market capitalization of $162.61 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The stock's fifty day moving average is $90.18 and its two-hundred day moving average is $83.78.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.8839 per share. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is currently 12.66%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Corvex Management LP lifted its stake in shares of Coca-Cola FEMSA by 138.9% during the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Coca-Cola FEMSA by 14.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after purchasing an additional 157,530 shares during the period. Northern Trust Corp lifted its position in shares of Coca-Cola FEMSA by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after purchasing an additional 88,873 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $6,533,000.

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.

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