Coca-Cola FEMSA, S.A.B. de C.V. Announces Semi-annual Dividend of $0.74 (NYSE:KOF)

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) declared a semi-annual dividend on Thursday, November 21st,NASDAQ Dividends reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.7433 per share on Thursday, December 19th. This represents a dividend yield of 3.7%. The ex-dividend date is Friday, December 6th.

Coca-Cola FEMSA has decreased its dividend by an average of 9.9% per year over the last three years. Coca-Cola FEMSA has a payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Coca-Cola FEMSA to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 10.8%.

Coca-Cola FEMSA Trading Up 1.1 %

Shares of NYSE KOF traded up $0.87 during midday trading on Wednesday, hitting $82.39. 26,384 shares of the stock traded hands, compared to its average volume of 170,672. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.87. The firm has a 50-day moving average of $83.77 and a two-hundred day moving average of $86.46. Coca-Cola FEMSA has a one year low of $77.02 and a one year high of $104.38.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays dropped their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $103.91.

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.