Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Hold” from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Hold” from Brokerages


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%.

(Ad)

See how this tiny, unknown gold company secured a prime land package right next door to the world’s two largest gold producers in Nevada’s famed Carlin Trend where 84 Million gold ounces have already been extracted. Best of all, investors can still get in well below US $0.50 per share.

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.

Read More: How is the S&P 500 index different from the DJIA?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Stocks That Don’t Care Who Wins the Election

Many investors confuse volatility in an election year with the market performance during an election year. Historically, investors don’t care all that much who wins the election.

Historical evidence shows that the market will rise after a Republican wins and dip after a Democrat wins. But that same evidence suggests that those trends flip in the first year of a presidency. It just proves that there’s a difference between campaigning and governing.

What can be different is where investors choose to make their money. Certain sectors perform better under a Republican administration than a Democrat administration. But that’s not the focus of this presentation.

Rather, we’re taking a look at companies and stocks that should profit no matter who occupies 1600 Pennsylvania Avenue. Some of these will be familiar names, but we’re trying not to be too obvious. Amazon (NASDAQ:AMZN) is a buy no matter who wins. You don’t need an article to tell you that.

And while I wouldn’t call this a list of “coronavirus stocks,” the list has some resemblance. The fact is every major event in our nation’s history has a ripple effect. And technologies that we never imagined would become “a thing” become the most important thing in our lives.

View the “7 Stocks That Don’t Care Who Wins the Election”.



2020-11-25 10:50:41

Leave a Reply

Your email address will not be published. Required fields are marked *