Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) Stock Rated “Hold” by Wall Street Analysts

Shares of Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $121.83.

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. raised their price objective on Coca Cola FEMSA from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings raised Coca Cola FEMSA from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $129.00 target price on shares of Coca Cola FEMSA in a research report on Wednesday. Finally, Barclays upped their target price on Coca Cola FEMSA from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th.

Coca Cola FEMSA Price Performance

Shares of NYSE KOF opened at $115.53 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 1.14. Coca Cola FEMSA has a one year low of $85.35 and a one year high of $122.14. The firm has a market capitalization of $194.17 billion, a P/E ratio of 17.64, a PEG ratio of 1.56 and a beta of 0.52. The company’s fifty day moving average is $112.40 and its two-hundred day moving average is $106.93.

Coca Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Monday, October 26th. The company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Analysts forecast that Coca Cola FEMSA will post 6.98 EPS for the current fiscal year.

Coca Cola FEMSA Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a dividend of $1.0838 per share. This is a drop from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.34 annualized dividend and a dividend yield of 3.8%. Coca Cola FEMSA’s dividend payout ratio is presently 57.40%.

Institutional Investors Weigh In On Coca Cola FEMSA

Large investors have recently added to or reduced their stakes in the business. Stack Financial Management Inc purchased a new position in Coca Cola FEMSA during the second quarter worth $26,079,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Coca Cola FEMSA in the second quarter valued at $12,512,000. Everett Harris & Co. CA purchased a new stake in shares of Coca Cola FEMSA in the second quarter valued at $7,619,000. BIP Wealth LLC purchased a new stake in shares of Coca Cola FEMSA in the second quarter valued at $6,129,000. Finally, Summit Global Investments acquired a new stake in shares of Coca Cola FEMSA during the second quarter valued at $4,921,000.

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.