Coca-Cola FEMSA SAB (KOF) Given Average Rating of “Hold” by Analysts
Coca-Cola FEMSA SAB (NYSE:KOF) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $97.00.
Several research analysts recently commented on KOF shares. Zacks Investment Research lowered Coca-Cola FEMSA SAB from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Scotiabank reaffirmed a “sector perform” rating and set a $139.00 price target on shares of Coca-Cola FEMSA SAB in a research note on Thursday, August 25th. Credit Suisse Group AG raised shares of Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 8th. Finally, Citigroup Inc. raised shares of Coca-Cola FEMSA SAB from a “sell” rating to a “neutral” rating and set a $72.00 price objective for the company in a research note on Wednesday, September 14th.
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A number of institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Coca-Cola FEMSA SAB during the second quarter valued at about $120,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Coca-Cola FEMSA SAB during the third quarter worth $203,000. Stevens Capital Management LP bought a new stake in shares of Coca-Cola FEMSA SAB during the second quarter worth $210,000. Jane Street Group LLC bought a new stake in shares of Coca-Cola FEMSA SAB during the third quarter worth $247,000. Finally, World Asset Management Inc raised its stake in shares of Coca-Cola FEMSA SAB by 8.1% in the third quarter. World Asset Management Inc now owns 3,326 shares of the company’s stock worth $249,000 after buying an additional 249 shares during the period. 5.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Coca-Cola FEMSA SAB (NYSE:KOF) traded down 0.657% during midday trading on Wednesday, reaching $62.725. The company’s stock had a trading volume of 48,340 shares. The company’s 50-day moving average price is $73.03 and its 200-day moving average price is $76.90. The company has a market cap of $13.00 billion, a PE ratio of 27.142 and a beta of 0.90. Coca-Cola FEMSA SAB has a 12 month low of $61.17 and a 12 month high of $87.58.
The company also recently declared a dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were issued a $0.903 dividend. The ex-dividend date of this dividend was Thursday, October 27th. Coca-Cola FEMSA SAB’s dividend payout ratio is currently 68.44%.
Coca-Cola FEMSA SAB Company Profile
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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