UBS Group Raises Coca-Cola FEMSA (NYSE:KOF) Price Target to $112.00

Coca-Cola FEMSA (NYSE:KOF) had its target price hoisted by UBS Group from $109.00 to $112.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on KOF. Scotiabank upgraded Coca-Cola FEMSA from a sector perform rating to a sector outperform rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an overweight rating in a report on Friday, April 12th. Finally, StockNews.com downgraded shares of Coca-Cola FEMSA from a strong-buy rating to a buy rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of Moderate Buy and an average price target of $100.75.

Coca-Cola FEMSA Price Performance

KOF stock opened at $93.28 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.24. The business has a 50-day moving average price of $97.06 and a 200 day moving average price of $90.13. 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 released its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm earned $1.73 earnings per share. As a group, 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 disclosed an annual dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be given a $0.81 dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s payout ratio is currently 15.34%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $29,000. Hartford Financial Management Inc. raised its position in shares of Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $51,000. Parallel Advisors LLC raised its position in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after purchasing an additional 248 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Coca-Cola FEMSA by 48.7% in the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares during the last quarter.

About Coca-Cola FEMSA

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.