Coca Cola Femsa (NYSE:KOF) Upgraded to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Coca Cola Femsa (NYSE:KOF – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research firms have also recently commented on KOF. Barclays reaffirmed an “equal weight” rating and set a $98.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Weiss Ratings upgraded shares of Coca Cola Femsa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, December 19th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, UBS Group lowered their price target on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

View Our Latest Stock Report on KOF

Coca Cola Femsa Trading Up 0.7%

Shares of KOF stock opened at $96.47 on Friday. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $162.13 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average price of $89.37 and a 200 day moving average price of $87.99.

Coca Cola Femsa (NYSE:KOF – Get Free Report) last released its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%. Research analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were given a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of Coca Cola Femsa by 40.5% in the first quarter. Russell Investments Group Ltd. now owns 4,499 shares of the company’s stock valued at $411,000 after buying an additional 1,298 shares in the last quarter. Wellington Management Group LLP bought a new position in Coca Cola Femsa during the 1st quarter worth $2,568,000. Northwestern Mutual Wealth Management Co. raised its holdings in Coca Cola Femsa by 23.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,544 shares of the company’s stock valued at $963,000 after acquiring an additional 2,015 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares during the period.

Coca Cola Femsa Company Profile

(Get Free Report)

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.

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