Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock Now Rated “Hold” by Sell-Side Analysts

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $118.83.

A number of research firms have recently weighed in on KOF. HSBC restated a “hold” rating and issued a $116.00 price target (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen cut Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. 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 research report on Wednesday, July 29th.

Institutional Trading of Coca Cola Femsa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOF. QRG Capital Management Inc. raised its stake in shares of Coca Cola Femsa by 8.8% in the second quarter. QRG Capital Management Inc. now owns 4,950 shares of the company’s stock worth $526,000 after purchasing an additional 399 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Coca Cola Femsa in the second quarter worth $235,000. Public Employees Retirement System of Ohio purchased a new position in shares of Coca Cola Femsa during the second quarter worth $2,319,000. BIP Wealth LLC purchased a new stake in Coca Cola Femsa in the second quarter valued at $6,129,000. Finally, Phillips Financial Management LLC acquired a new stake in Coca Cola Femsa during the 2nd quarter worth about $381,000.

Coca Cola Femsa Price Performance

Shares of KOF opened at $107.28 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The company has a 50 day moving average price of $110.36 and a 200-day moving average price of $106.25. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $117.09. The stock has a market capitalization of $180.31 billion, a PE ratio of 16.92, a PEG ratio of 1.47 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Equities analysts predict that Coca Cola Femsa will post 6.98 earnings per share for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a dividend of $1.0838 per share. This represents a $4.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 9th. This is a negative change from Coca Cola Femsa’s previous quarterly dividend of $1.1248. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.51%.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.