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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $104.75.

KOF has been the topic of a number of research reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $93.00 to $102.00 in a research note 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. Barclays cut their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd.

Coca-Cola FEMSA Stock Up 1.2 %

Shares of NYSE:KOF opened at $79.63 on Monday. The firm has a 50 day simple moving average of $81.81 and a 200-day simple moving average of $85.31. Coca-Cola FEMSA has a twelve month low of $77.02 and a twelve month high of $104.38. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $133.83 billion, a PE ratio of 13.52, a P/E/G ratio of 0.71 and a beta of 0.84.

Coca-Cola FEMSA Cuts Dividend

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

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in Coca-Cola FEMSA during the 3rd quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Coca-Cola FEMSA in the 2nd quarter worth approximately $32,000. Hartford Financial Management Inc. raised its holdings in Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares during the last quarter. GAMMA Investing LLC lifted its position in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA in the 3rd quarter worth about $71,000.

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.