Coca-Cola FEMSA, S.A.B. de C.V. (KOF) to Issue Semi-annual Dividend of $0.78 on October 25th

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) announced a semi-annual dividend on Wednesday, October 2nd, Wall Street Journal reports. Shareholders of record on Monday, October 14th will be given a dividend of 0.7811 per share on Friday, October 25th. This represents a yield of 2.6%. The ex-dividend date is Friday, October 11th.

Coca-Cola FEMSA has decreased its dividend by an average of 9.9% annually over the last three years. Coca-Cola FEMSA has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola FEMSA to earn $7.05 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.1%.

Coca-Cola FEMSA Stock Down 0.8 %

Shares of NYSE KOF traded down $0.70 during mid-day trading on Wednesday, reaching $86.49. 142,997 shares of the company were exchanged, compared to its average volume of 169,645. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock has a market cap of $145.36 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.74 and a beta of 0.86. The firm has a 50-day moving average of $87.99 and a 200 day moving average of $90.52.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company posted $1.32 EPS. On average, research analysts expect that Coca-Cola FEMSA will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

KOF has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays upped their price objective on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, UBS Group reduced their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Company Profile

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 other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.