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

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.

Other equities research analysts have also issued research reports about the stock. Scotiabank raised shares of Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a report on Friday, April 12th. UBS Group boosted their price target on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a buy rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an overweight rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $100.75.

Coca-Cola FEMSA Price Performance

NYSE:KOF opened at $91.99 on Wednesday. The company has a 50 day moving average price of $97.15 and a 200-day moving average price of $90.11. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.49. 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 issued its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. During the same period in the previous year, the firm posted $1.73 EPS. Analysts anticipate that Coca-Cola FEMSA will post 6.57 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s payout ratio is 15.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $29,000. Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the last quarter. Parallel Advisors LLC lifted its position in Coca-Cola FEMSA by 74.9% in the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after buying an additional 248 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in Coca-Cola FEMSA in the second quarter valued at about $51,000. Finally, Tower Research Capital LLC TRC lifted its position in Coca-Cola FEMSA by 194.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock valued at $73,000 after buying an additional 509 shares during the last quarter.

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.