Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a semiannual dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.8759 per share on Monday, November 13th. This represents a dividend yield of 2.49%. The ex-dividend date is Friday, November 3rd.
Coca Cola Femsa S.A.B. de C.V. has decreased its dividend payment by an average of 7.7% per year over the last three years. Coca Cola Femsa S.A.B. de C.V. has a payout ratio of 44.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa S.A.B. de C.V. to earn $4.03 per share next year, which means the company should continue to be able to cover its $1.75 annual dividend with an expected future payout ratio of 43.4%.
Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) traded down $0.08 on Friday, hitting $68.73. The stock had a trading volume of 110,000 shares, compared to its average volume of 92,567. The company has a market cap of $14,263.62, a P/E ratio of 20.18, a PEG ratio of 1.00 and a beta of 0.91. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $59.44 and a 12-month high of $91.85.
A number of equities analysts recently weighed in on the company. BidaskClub cut Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. UBS AG raised Coca Cola Femsa S.A.B. de C.V. from an “underperform” rating to a “market perform” rating in a research note on Thursday. Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.50.
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About Coca Cola Femsa S.A.B. de C.V.
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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