Coca-Cola FEMSA (NYSE:KOF) Price Target Lowered to $108.00 at Barclays

Coca-Cola FEMSA (NYSE:KOF) had its price objective reduced by Barclays from $110.00 to $108.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. UBS Group lowered their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a research note on Tuesday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Up 0.3 %

Shares of Coca-Cola FEMSA stock opened at $84.74 on Wednesday. Coca-Cola FEMSA has a 1 year low of $75.42 and a 1 year high of $104.38. The firm has a market cap of $142.42 billion, a PE ratio of 14.92, a PEG ratio of 0.70 and a beta of 0.86. 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 50 day simple moving average of $87.32 and a two-hundred day simple moving average of $89.47.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in shares of Coca-Cola FEMSA in the 2nd quarter worth about $7,708,000. Itau Unibanco Holding S.A. grew its position in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after buying an additional 62,282 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola FEMSA in the 1st quarter worth about $4,217,000. Price T Rowe Associates Inc. MD bought a new position in Coca-Cola FEMSA in the 1st quarter worth about $3,346,000. Finally, BNP Paribas Financial Markets boosted its stake in Coca-Cola FEMSA by 3,497.7% in the 1st quarter. BNP Paribas Financial Markets now owns 31,372 shares of the company’s stock worth $3,049,000 after purchasing an additional 30,500 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 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.