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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus rating of “Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $103.91.

Several research firms have recently issued reports on KOF. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays reduced their price target 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. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $82.39 on Friday. The business’s fifty day moving average price is $86.65 and its 200 day moving average price is $88.91. Coca-Cola FEMSA has a twelve month low of $78.35 and a twelve month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA in the second quarter valued at $32,000. Blue Trust Inc. boosted its stake in Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares in the last quarter. Hartford Financial Management Inc. raised its position in Coca-Cola FEMSA by 42.2% in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $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.