Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Target Price at $106.50

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $106.50.

KOF has been the subject of several recent research reports. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 1st. 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 report on Friday, April 11th. Barclays boosted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, UBS Group boosted their price objective on Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, May 5th.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $93.02 on Friday. The business has a 50 day moving average of $93.03 and a 200 day moving average of $84.89. The company has a market capitalization of $156.34 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.63. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.8839 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. Coca-Cola FEMSA’s dividend payout ratio is currently 13.76%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ascent Group LLC bought a new position in shares of Coca-Cola FEMSA during the first quarter valued at approximately $249,000. Jones Financial Companies Lllp raised its holdings in shares of Coca-Cola FEMSA by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Coca-Cola FEMSA during the first quarter valued at approximately $88,634,000. Finally, Broyhill Asset Management LLC raised its holdings in shares of Coca-Cola FEMSA by 2.2% during the first quarter. Broyhill Asset Management LLC now owns 44,385 shares of the company’s stock valued at $4,052,000 after acquiring an additional 950 shares in 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.