Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) have been assigned an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $61.25.

Several equities research analysts have recently commented on KOF shares. The Goldman Sachs Group lowered Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research note on Tuesday, January 18th. StockNews.com started coverage on Coca-Cola FEMSA in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Barclays upgraded Coca-Cola FEMSA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $55.00 to $62.00 in a research report on Tuesday, May 3rd. Zacks Investment Research lowered Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, HSBC lowered Coca-Cola FEMSA from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Thursday, January 20th.

Several institutional investors have recently modified their holdings of KOF. Marshall Wace LLP purchased a new stake in shares of Coca-Cola FEMSA during the first quarter worth about $26,000. Monolith Advisors purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth about $48,000. Centerpoint Advisors LLC purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth about $56,000. Byrne Asset Management LLC purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth about $90,000. Finally, Capital Analysts LLC increased its stake in shares of Coca-Cola FEMSA by 20.5% during the fourth quarter. Capital Analysts LLC now owns 1,672 shares of the company’s stock worth $92,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 4.48% of the company’s stock.

Shares of KOF stock traded up $0.84 during midday trading on Friday, reaching $55.52. 80,485 shares of the stock were exchanged, compared to its average volume of 115,651. Coca-Cola FEMSA has a 1 year low of $46.91 and a 1 year high of $59.07. The company’s 50 day moving average is $54.26 and its two-hundred day moving average is $53.44. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The firm has a market cap of $93.31 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Coca-Cola FEMSA had a return on equity of 12.44% and a net margin of 7.69%. As a group, equities analysts expect that Coca-Cola FEMSA will post 3.07 EPS for the current fiscal year.

The firm also recently announced a semi-annual dividend, which was paid on Friday, May 13th. Investors of record on Monday, May 2nd were given a dividend of $1.3528 per share. The ex-dividend date of this dividend was Friday, April 29th. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $1.24. This represents a yield of 4.5%. Coca-Cola FEMSA’s payout ratio is currently 73.41%.

Coca-Cola FEMSA Company Profile (Get Rating)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.

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