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 been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $103.91.

A number of equities analysts have weighed in on KOF shares. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays dropped their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group reduced their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Coca-Cola FEMSA Trading Down 2.4 %

Shares of KOF stock opened at $81.33 on Friday. The company has a fifty day moving average price of $87.08 and a two-hundred day moving average price of $89.34. Coca-Cola FEMSA has a one year low of $76.74 and a one year high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is 11.55%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. increased its stake in Coca-Cola FEMSA by 13.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after acquiring an additional 62,282 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Coca-Cola FEMSA in the first quarter valued at about $3,346,000. Quadrature Capital Ltd bought a new stake in Coca-Cola FEMSA during the first quarter worth about $4,217,000. Marshall Wace LLP acquired a new stake in Coca-Cola FEMSA during the second quarter worth about $7,708,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $2,515,000.

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.