Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of “Buy” from Brokerages

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

Several equities research analysts have issued reports on the company. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Barclays dropped their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th.

Coca-Cola FEMSA Trading Down 0.1 %

Coca-Cola FEMSA stock opened at $76.39 on Friday. Coca-Cola FEMSA has a fifty-two week low of $73.90 and a fifty-two week high of $104.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm’s fifty day moving average price is $79.14 and its 200-day moving average price is $84.15.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Coca-Cola FEMSA during the third quarter valued at $31,000. Hartford Financial Management Inc. boosted its holdings in Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA during the third quarter valued at $71,000. Finally, ORG Wealth Partners LLC purchased a new position in Coca-Cola FEMSA in the third quarter worth about $85,000.

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.