Coca Cola Femsa (NYSE:KOF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF) from a hold rating to a buy rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Barclays raised their price objective on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. The Goldman Sachs Group increased their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group lifted their price objective on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Stock Down 1.2%

Shares of NYSE:KOF opened at $112.84 on Friday. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $100.42 and a 200 day simple moving average of $90.77.

Coca Cola Femsa Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were paid a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a yield of 3.5%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 64.29%.

Institutional Investors Weigh In On Coca Cola Femsa

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Seafarer Capital Partners LLC grew its position in Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after buying an additional 7,000 shares in the last quarter. Cullen Capital Management LLC lifted its position in shares of Coca Cola Femsa by 2.4% in the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after acquiring an additional 12,312 shares during the period. ABS Direct Equity Fund LLC grew its holdings in shares of Coca Cola Femsa by 146.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after purchasing an additional 11,246 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Coca Cola Femsa by 23.0% during the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after purchasing an additional 35,477 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Coca Cola Femsa by 506.5% during the second quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock valued at $2,639,000 after purchasing an additional 22,787 shares during the period.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.