Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) from a hold rating to a buy rating in a research report released on Friday, April 14th. They currently have $82.00 target price on the stock.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Separately, Barclays PLC cut their target price on shares of Coca-Cola FEMSA, S.A.B. de C.V. to $14.00 in a research note on Friday, January 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Coca-Cola FEMSA, S.A.B. de C.V. has an average rating of Buy and a consensus target price of $93.20.

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) traded up 1.32% during mid-day trading on Friday, hitting $77.44. The stock had a trading volume of 76,446 shares. The company’s 50 day moving average is $73.71 and its 200-day moving average is $67.57. The stock has a market cap of $16.05 billion, a P/E ratio of 22.75 and a beta of 0.82. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $59.44 and a 52-week high of $84.00.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) last released its earnings results on Friday, February 24th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Coca-Cola FEMSA, S.A.B. de C.V. had a net margin of 6.17% and a return on equity of 8.60%. On average, equities research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post $3.76 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/05/19/coca-cola-femsa-s-a-b-de-c-v-kof-upgraded-at-zacks-investment-research-updated-updated-updated.html.

The business also recently disclosed a semiannual dividend, which was paid on Monday, May 15th. Stockholders of record on Tuesday, May 2nd were issued a $0.893 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a dividend yield of 2.44%. Coca-Cola FEMSA, S.A.B. de C.V.’s dividend payout ratio is currently 68.44%.

Several institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 0.6% in the fourth quarter. State Street Corp now owns 11,543 shares of the company’s stock valued at $732,000 after buying an additional 70 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,356 shares of the company’s stock valued at $742,000 after buying an additional 210 shares in the last quarter. Pring Turner Capital Group Inc. raised its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 1.7% in the fourth quarter. Pring Turner Capital Group Inc. now owns 30,965 shares of the company’s stock valued at $1,968,000 after buying an additional 515 shares in the last quarter. DIAM Co. Ltd. increased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 15.7% in the third quarter. DIAM Co. Ltd. now owns 5,623 shares of the company’s stock valued at $422,000 after buying an additional 761 shares during the last quarter. Finally, Oxford Asset Management increased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 1.8% in the fourth quarter. Oxford Asset Management now owns 43,878 shares of the company’s stock valued at $2,788,000 after buying an additional 771 shares during the last quarter. Hedge funds and other institutional investors own 5.70% of the company’s stock.

Coca-Cola FEMSA, S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

5 Day Chart for NYSE:KOF

Get a free copy of the Zacks research report on Coca-Cola FEMSA, S.A.B. de C.V. (KOF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Coca-Cola FEMSA S.A.B. de C.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Coca-Cola FEMSA S.A.B. de C.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit