Coca Cola Femsa (NYSE:KOF) Posts Earnings Results

Coca Cola Femsa (NYSE:KOF) released its earnings results on Monday. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($1.28), FiscalAI reports. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%.

Coca Cola Femsa Trading Up 0.1%

KOF stock opened at $118.20 on Monday. Coca Cola Femsa has a one year low of $84.00 and a one year high of $122.14. The stock has a market cap of $198.66 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. The company has a fifty day moving average price of $112.06 and a two-hundred day moving average price of $107.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $1.0838 dividend. This is a negative change from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, October 9th. Coca Cola Femsa’s dividend payout ratio is 59.31%.

Analyst Ratings Changes

Several research analysts recently weighed in on KOF shares. The Goldman Sachs Group set a $123.00 target price on Coca Cola Femsa in a research note on Thursday, October 15th. UBS Group boosted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Barclays upped their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised Coca Cola Femsa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, HSBC restated a “hold” rating and set a $116.00 price target (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Coca Cola Femsa has a consensus rating of “Hold” and a consensus price target of $120.83.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.