Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $104.75 Average Target Price from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $104.75.

KOF has been the subject of a number of research reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Barclays lowered their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

Coca-Cola FEMSA Stock Down 0.9 %

Shares of NYSE KOF opened at $75.52 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a market capitalization of $126.92 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.55 and a beta of 0.83. The stock has a 50 day moving average price of $78.66 and a 200 day moving average price of $83.97. Coca-Cola FEMSA has a 52-week low of $73.90 and a 52-week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is currently 11.71%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of large investors have recently made changes to their positions in the business. Hartford Financial Management Inc. increased its position in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares in the last quarter. Chase Investment Counsel Corp increased its position in shares of Coca-Cola FEMSA by 4.4% during the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock worth $394,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Coca-Cola FEMSA by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares in the last quarter. Finally, Americana Partners LLC increased its position in shares of Coca-Cola FEMSA by 5.4% during the third quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after purchasing an additional 213 shares in 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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.