Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Target Price at $101.91

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $101.91.

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. UBS Group decreased their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays raised their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Coca-Cola FEMSA by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Coca-Cola FEMSA by 13.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after acquiring an additional 62,282 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Coca-Cola FEMSA by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after acquiring an additional 5,166 shares during the period. Sei Investments Co. boosted its stake in shares of Coca-Cola FEMSA by 7.7% during the 2nd quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock worth $14,359,000 after acquiring an additional 11,920 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Coca-Cola FEMSA by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock worth $12,447,000 after acquiring an additional 4,742 shares during the period.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $91.00 on Friday. The business’s 50 day simple moving average is $87.31 and its 200 day simple moving average is $91.34. Coca-Cola FEMSA has a 52-week low of $69.33 and a 52-week high of $104.38. The firm has a market cap of $152.94 billion, a PE ratio of 16.03, a P/E/G ratio of 0.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm earned $1.32 EPS. On average, analysts predict that Coca-Cola FEMSA will post 6.28 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were paid a $0.8325 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is 13.20%.

Coca-Cola FEMSA Company Profile

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, alcoholic beverages, and plant-based drinks.