Coca-Cola FEMSA (NYSE:KOF) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

A number of other research analysts have also weighed in on KOF. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an overweight rating in a research note on Friday, April 12th. Scotiabank raised shares of Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a research note on Friday, April 12th. Finally, UBS Group increased their target price on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a buy rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $100.75.

Coca-Cola FEMSA Stock Up 0.1 %

Shares of NYSE:KOF opened at $93.34 on Wednesday. The firm’s 50 day simple moving average is $96.97 and its 200 day simple moving average is $90.24. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. During the same quarter in the prior year, the company earned $1.73 EPS. On average, equities research analysts anticipate that Coca-Cola FEMSA will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be paid a $0.81 dividend. The ex-dividend date is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is 14.96%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in shares of Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after buying an additional 97,238 shares in the last quarter. BlackRock Inc. increased its stake in shares of Coca-Cola FEMSA by 3.2% during the 1st quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock worth $56,547,000 after purchasing an additional 31,937 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Coca-Cola FEMSA by 53.2% in the 1st quarter. Bank of America Corp DE now owns 696,964 shares of the company’s stock valued at $56,085,000 after purchasing an additional 241,948 shares during the period. Lazard Asset Management LLC lifted its stake in Coca-Cola FEMSA by 22.8% in the 4th quarter. Lazard Asset Management LLC now owns 629,310 shares of the company’s stock valued at $42,717,000 after purchasing an additional 116,723 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Coca-Cola FEMSA by 48.7% during the fourth quarter. Morgan Stanley now owns 537,866 shares of the company’s stock worth $36,510,000 after purchasing an additional 176,095 shares during the period.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.