Coca Cola Femsa’s (KOF) “Hold” Rating Reiterated at HSBC

HSBC reiterated their hold rating on shares of Coca Cola Femsa (NYSE:KOF) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have a $116.00 target price on the stock.

Several other research firms also recently weighed in on KOF. UBS Group reduced their target price on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Barclays upped their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Coca Cola Femsa has a consensus rating of “Hold” and an average price target of $118.33.

Coca Cola Femsa Stock Up 1.8%

KOF stock opened at $108.98 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 1.04. The company has a market capitalization of $183.16 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.30 and a beta of 0.53. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The stock has a fifty day moving average of $106.22 and a 200-day moving average of $104.72.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The company had revenue of $4.36 billion during the quarter. As a group, equities research analysts predict that Coca Cola Femsa will post 6.75 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 62.15%.

Institutional Trading of Coca Cola Femsa

Institutional investors and hedge funds have recently modified their holdings of the business. ABC Arbitrage SA grew its holdings in shares of Coca Cola Femsa by 108.1% during the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after purchasing an additional 11,225 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in Coca Cola Femsa by 32.7% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock valued at $3,969,000 after purchasing an additional 10,319 shares in the last quarter. Natixis Advisors LLC raised its stake in Coca Cola Femsa by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock valued at $17,948,000 after purchasing an additional 7,549 shares in the last quarter. X Square Capital LLC bought a new stake in Coca Cola Femsa during the fourth quarter valued at approximately $1,346,000. Finally, Opal Capital LLC bought a new stake in Coca Cola Femsa during the fourth quarter valued at approximately $2,677,000.

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.