Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Buy” by Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $103.91.

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup upgraded shares of 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. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new position in shares of Coca-Cola FEMSA in the 1st quarter valued at $3,346,000. Cetera Advisors LLC lifted its holdings in Coca-Cola FEMSA by 61.9% in the first quarter. Cetera Advisors LLC now owns 5,196 shares of the company’s stock valued at $505,000 after acquiring an additional 1,987 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in shares of Coca-Cola FEMSA in the first quarter valued at about $680,000. CWM LLC lifted its position in shares of Coca-Cola FEMSA by 49.9% during the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after acquiring an additional 284 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Coca-Cola FEMSA in the second quarter valued at $168,000.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $79.41 on Thursday. The stock has a 50-day moving average of $84.85 and a 200 day moving average of $87.15. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a twelve month low of $77.02 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.7433 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.55%.

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.