Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Average Rating of “Buy” from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $104.75.

Several equities research analysts have recently issued reports on KOF shares. Barclays reduced their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after buying an additional 378,325 shares during the period. Itau Unibanco Holding S.A. boosted its position in shares of Coca-Cola FEMSA by 13.9% during the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after buying an additional 62,282 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Coca-Cola FEMSA during the third quarter valued at approximately $31,000. Marshall Wace LLP purchased a new position in shares of Coca-Cola FEMSA during the second quarter valued at approximately $7,708,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after buying an additional 110,926 shares during the period.

Coca-Cola FEMSA Trading Down 0.9 %

Shares of KOF stock opened at $75.52 on Friday. Coca-Cola FEMSA has a 12-month low of $73.90 and a 12-month high of $104.38. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $78.66 and its 200-day moving average price is $83.97. The stock has a market capitalization of $126.92 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is currently 11.71%.

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.