Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Announces $0.83 Dividend

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) announced a dividend on Tuesday, July 2nd, NASDAQ reports. Investors of record on Monday, July 15th will be given a dividend of 0.8325 per share on Friday, July 26th. The ex-dividend date of this dividend is Monday, July 15th.

Coca-Cola FEMSA has decreased its dividend payment by an average of 9.9% annually over the last three years. Coca-Cola FEMSA has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola FEMSA to earn $7.39 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 12.4%.

Coca-Cola FEMSA Stock Up 2.8 %

NYSE KOF traded up $2.29 during trading hours on Thursday, reaching $83.43. 143,570 shares of the company were exchanged, compared to its average volume of 163,597. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The business’s 50 day simple moving average is $92.48 and its 200-day simple moving average is $94.48. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. On average, equities research analysts predict that Coca-Cola FEMSA will post 6.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective 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. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Finally, UBS Group boosted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola FEMSA has an average rating of “Moderate Buy” and a consensus price target of $100.45.

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.