Recent Investment Analysts’ Ratings Changes for Coca-Cola FEMSA (KOF)

Several analysts have recently updated their ratings and price targets for Coca-Cola FEMSA (NYSE: KOF):

• 4/17/2024 – Coca-Cola FEMSA was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 4/16/2024 – Coca-Cola FEMSA had its price target raised by analysts at UBS Group AG from $109.00 to $112.00. They now have a “buy” rating on the stock.
• 4/12/2024 – Coca-Cola FEMSA was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating.
• 4/12/2024 – Coca-Cola FEMSA had its price target raised by analysts at JPMorgan Chase & Co. from $102.00 to $107.00. They now have an “overweight” rating on the stock.
• 4/9/2024 – Coca-Cola FEMSA was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 3/26/2024 – Coca-Cola FEMSA was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Coca-Cola FEMSA Trading Down 0.7 %

Shares of NYSE KOF opened at $98.43 on Thursday. The stock’s 50 day moving average price is $96.72 and its two-hundred day moving average price is $91.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.67 billion. As a group, equities research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a $0.81 dividend. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s payout ratio is currently 13.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. bought a new position in Coca-Cola FEMSA in the fourth quarter worth about $29,000. Hartford Financial Management Inc. raised its position in shares of Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after purchasing an additional 248 shares during the last quarter. Signaturefd LLC boosted its position in Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Coca-Cola FEMSA by 194.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 771 shares of the company’s stock worth $73,000 after buying an additional 509 shares during the last quarter.

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.