Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $104.75 Average PT from Analysts

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $104.75.

KOF has been the subject of several recent research reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays reduced their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd.

Coca-Cola FEMSA Trading Down 0.1 %

KOF stock opened at $78.85 on Monday. The company has a market capitalization of $132.52 billion, a PE ratio of 13.39, a P/E/G ratio of 0.71 and a beta of 0.84. 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 has a 12 month low of $77.02 and a 12 month high of $104.38. The firm’s 50-day moving average is $81.32 and its 200 day moving average is $85.04.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. boosted its position in Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after purchasing an additional 304,197 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 worth $23,160,000 after buying an additional 110,926 shares in the last quarter. Marshall Wace LLP purchased a new stake in Coca-Cola FEMSA during the second quarter worth $7,708,000. Mirabella Financial Services LLP acquired a new stake in Coca-Cola FEMSA during the third quarter valued at $3,912,000. Finally, Canada Pension Plan Investment Board purchased a new position in Coca-Cola FEMSA in the second quarter valued at $2,515,000.

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.