Brokerages Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) PT at $103.91

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been given an average recommendation of “Buy” by the seven brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $103.91.

A number of equities analysts have recently commented on the stock. Barclays cut their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd.

Coca-Cola FEMSA Trading Up 1.2 %

Shares of NYSE KOF opened at $80.59 on Thursday. Coca-Cola FEMSA has a 1 year low of $77.02 and a 1 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. The company has a 50 day simple moving average of $84.17 and a 200 day simple moving average of $86.70.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a dividend of $0.7433 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s payout ratio is 11.55%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD bought a new stake in Coca-Cola FEMSA in the first quarter valued at $3,346,000. Cetera Advisors LLC increased its position in Coca-Cola FEMSA by 61.9% in the 1st quarter. Cetera Advisors LLC now owns 5,196 shares of the company’s stock valued at $505,000 after buying an additional 1,987 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in Coca-Cola FEMSA during the 1st quarter worth approximately $680,000. CWM LLC boosted its holdings in Coca-Cola FEMSA by 49.9% in the second quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after acquiring an additional 284 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $168,000.

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.