Coca-Cola FEMSA (NYSE:KOF) Posts Quarterly Earnings Results

Coca-Cola FEMSA (NYSE:KOF) announced its quarterly earnings results on Friday. The company reported $1.48 earnings per share for the quarter, reports. The company had revenue of $3.68 billion during the quarter. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%.

Coca-Cola FEMSA Trading Up 1.1 %

Shares of KOF stock opened at $85.86 on Monday. Coca-Cola FEMSA has a 1 year low of $73.95 and a 1 year high of $104.38. The firm has a fifty day moving average price of $87.60 and a 200-day moving average price of $89.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The company has a market cap of $144.30 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.70 and a beta of 0.86.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, October 14th. Coca-Cola FEMSA’s payout ratio is 11.97%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Coca-Cola FEMSA during the 2nd quarter valued at $32,000. Blue Trust Inc. lifted its stake in shares of Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Coca-Cola FEMSA during the 1st quarter valued at $63,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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. UBS Group cut 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 research report on Wednesday, July 10th. Finally, Barclays lifted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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 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.