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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $104.75.

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

Coca-Cola FEMSA Stock Down 0.1 %

KOF stock opened at $78.77 on Monday. The company has a market cap of $132.39 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. The company has a fifty day moving average price of $81.00 and a 200 day moving average price of $84.90. 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 has a 12 month low of $77.02 and a 12 month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA during the third quarter worth about $71,000. Sanctuary Advisors LLC grew its position in Coca-Cola FEMSA by 8.8% during the third quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock worth $1,480,000 after buying an additional 1,344 shares during the period. TD Private Client Wealth LLC increased its holdings in Coca-Cola FEMSA by 46.0% in the third quarter. TD Private Client Wealth LLC now owns 3,102 shares of the company’s stock valued at $275,000 after buying an additional 978 shares in the last quarter. Finally, ABS Direct Equity Fund LLC acquired a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at approximately $1,003,000.

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.