Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $70.00.
A number of equities research analysts recently issued reports on KOF shares. Zacks Investment Research lowered Coca-Cola FEMSA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 23rd. ValuEngine raised Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 11th.
NYSE KOF opened at $45.80 on Wednesday. The firm has a market cap of $9.62 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.52 and a quick ratio of 1.35. The stock’s 50-day moving average is $42.09 and its 200-day moving average is $42.35. Coca-Cola FEMSA has a one year low of $36.16 and a one year high of $65.49.
The company also recently announced a semi-annual dividend, which was paid on Friday, November 13th. Investors of record on Friday, October 30th were given a $1.1303 dividend. This represents a yield of 5.1%. The ex-dividend date was Thursday, October 29th. Coca-Cola FEMSA’s dividend payout ratio is presently 77.26%.
A number of institutional investors have recently made changes to their positions in the stock. Brandes Investment Partners LP acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at approximately $14,734,000. Bank of New York Mellon Corp boosted its stake in shares of Coca-Cola FEMSA by 12.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 193,840 shares of the company’s stock worth $8,500,000 after acquiring an additional 20,988 shares during the period. FMR LLC boosted its stake in shares of Coca-Cola FEMSA by 3.8% during the 1st quarter. FMR LLC now owns 143,100 shares of the company’s stock worth $9,445,000 after acquiring an additional 5,300 shares during the period. Todd Asset Management LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $2,663,000. Finally, Freestone Capital Holdings LLC boosted its stake in shares of Coca-Cola FEMSA by 8.3% during the 3rd quarter. Freestone Capital Holdings LLC now owns 53,987 shares of the company’s stock worth $2,198,000 after acquiring an additional 4,134 shares during the period. 8.04% of the stock is currently owned by institutional investors and hedge funds.
About Coca-Cola FEMSA
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports drinks, energy drinks, and plant-based drinks.
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