StockNews.com Downgrades Coca-Cola FEMSA (NYSE:KOF) to Buy

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

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

Coca-Cola FEMSA Stock Down 0.7 %

Shares of NYSE KOF opened at $93.48 on Friday. The company has a market cap of $157.12 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.62 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $102.28. The stock has a 50-day moving average price of $87.97 and a two-hundred day moving average price of $83.47.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.8839 dividend. This represents a yield of 3.1%. This is an increase from Coca-Cola FEMSA’s previous semi-annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 22nd. Coca-Cola FEMSA’s dividend payout ratio is presently 12.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its position in shares of Coca-Cola FEMSA by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after acquiring an additional 155 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after purchasing an additional 212 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after purchasing an additional 233 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth $29,000.

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.