Coca-Cola FEMSA (NYSE:KOF) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a research report released on Friday.

Separately, Barclays increased their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Down 0.7 %

NYSE KOF opened at $93.48 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28. The stock has a market capitalization of $157.12 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The stock has a fifty day moving average of $87.97 and a 200-day moving average of $83.42.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. On average, equities research analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.8839 per share. This is a positive change from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. The ex-dividend date is Tuesday, April 22nd. Coca-Cola FEMSA’s payout ratio is presently 12.66%.

Institutional Trading of Coca-Cola FEMSA

A number of hedge funds have recently modified their holdings of the company. Veracity Capital LLC increased its stake in Coca-Cola FEMSA by 4.9% in the first quarter. Veracity Capital LLC now owns 9,167 shares of the company’s stock valued at $837,000 after purchasing an additional 428 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola FEMSA in the 1st quarter valued at $76,000. GAMMA Investing LLC increased its position in shares of Coca-Cola FEMSA by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock valued at $533,000 after buying an additional 5,279 shares in the last quarter. Vise Technologies Inc. raised its stake in Coca-Cola FEMSA by 260.3% during the 4th quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock worth $1,278,000 after buying an additional 11,853 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Coca-Cola FEMSA by 37.1% during the fourth quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock worth $726,000 after acquiring an additional 2,523 shares in the last quarter.

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.