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

by · The Markets Daily

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

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

Check Out Our Latest Research Report on KOF

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $95.92 on Friday. Coca Cola Femsa has a one year low of $72.68 and a one year high of $101.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The company has a market cap of $161.21 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.43 and a beta of 0.51. The firm has a 50 day simple moving average of $89.61 and a 200 day simple moving average of $87.90.

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

Coca Cola Femsa Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 annualized dividend and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Cullen Capital Management LLC grew its holdings in Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after purchasing an additional 12,312 shares during the period. ABS Direct Equity Fund LLC raised its holdings in shares of Coca Cola Femsa by 146.9% during the third quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock valued at $1,571,000 after purchasing an additional 11,246 shares during the period. Park Avenue Securities LLC bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $308,000. FCG Investment Co acquired a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at about $1,013,000. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at about $3,826,000.

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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