Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Buy” from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given an average recommendation of “Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $104.75.

A number of analysts have weighed in on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, Barclays reduced their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth $31,000. Hartford Financial Management Inc. raised its stake in shares of Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares during the period. GAMMA Investing LLC raised its stake in shares of Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA in the 3rd quarter worth about $71,000. Finally, ORG Wealth Partners LLC purchased a new stake in Coca-Cola FEMSA in the 3rd quarter worth about $85,000.

Coca-Cola FEMSA Stock Down 0.4 %

Shares of NYSE KOF opened at $74.97 on Friday. The company has a 50 day simple moving average of $78.55 and a 200 day simple moving average of $83.85. The firm has a market cap of $126.00 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $104.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA Cuts Dividend

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

Coca-Cola FEMSA Company Profile

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.