Coca-Cola FEMSA (NYSE:KOF) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a neutral rating to a buy rating in a research note released on Tuesday, MarketBeat Ratings reports.

Several other analysts also recently weighed in on KOF. UBS Group reduced their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a buy rating for the company in a report on Wednesday, July 10th. Barclays lifted their price target on 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 investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coca-Cola FEMSA has an average rating of Buy and a consensus target price of $101.91.

Coca-Cola FEMSA Trading Down 0.7 %

KOF opened at $85.83 on Tuesday. The business’s 50-day simple moving average is $86.77 and its 200-day simple moving average is $92.04. The company has a market cap of $144.25 billion, a P/E ratio of 15.11, a PEG ratio of 0.69 and a beta of 0.87. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $104.38. 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 (NYSE:KOF) last issued its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter in the previous year, the firm earned $1.32 EPS. As a group, equities research analysts expect that Coca-Cola FEMSA will post 6.28 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were paid a $0.8325 dividend. The ex-dividend date was Monday, July 15th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KOF. Russell Investments Group Ltd. grew its stake in shares of Coca-Cola FEMSA by 1,541.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,072 shares of the company’s stock worth $385,000 after purchasing an additional 3,824 shares during the period. Savant Capital LLC acquired a new stake in Coca-Cola FEMSA in the fourth quarter valued at $236,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at $29,000. VisionPoint Advisory Group LLC raised its stake in shares of Coca-Cola FEMSA by 11.3% during the 4th quarter. VisionPoint Advisory Group LLC now owns 9,299 shares of the company’s stock worth $880,000 after buying an additional 942 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Coca-Cola FEMSA by 26.5% in the 4th quarter. QRG Capital Management Inc. now owns 8,141 shares of the company’s stock worth $770,000 after buying an additional 1,704 shares in the last quarter.

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.