Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Buy” from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $104.75.

A number of equities research analysts have issued reports on KOF shares. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in Coca-Cola FEMSA by 1.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock worth $94,797,000 after purchasing an additional 17,208 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after acquiring an additional 304,197 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after acquiring an additional 110,926 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Coca-Cola FEMSA by 4.4% during the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after purchasing an additional 9,911 shares during the last quarter.

Coca-Cola FEMSA Stock Down 0.1 %

Shares of KOF opened at $78.77 on Monday. The company’s 50-day simple moving average is $81.00 and its 200-day simple moving average is $84.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a 1 year low of $77.02 and a 1 year high of $104.38. The stock has a market capitalization of $132.39 billion, a PE ratio of 13.37, a P/E/G ratio of 0.71 and a beta of 0.84.

Coca-Cola FEMSA Cuts Dividend

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

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.