Coca-Cola FEMSA (NYSE:KOF) Upgraded to “Buy” at 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 report report published on Tuesday, MarketBeat reports.

Other analysts have also recently issued research reports about the company. Barclays lifted their price target on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an overweight rating in a report on Wednesday, July 31st. UBS Group decreased their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a buy rating on the stock in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of Buy and an average target price of $101.91.

Coca-Cola FEMSA Stock Down 0.7 %

Shares of NYSE:KOF opened at $85.83 on Tuesday. The company has a market capitalization of $144.25 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.69 and a beta of 0.87. The stock’s fifty day simple moving average is $86.77 and its 200-day simple moving average is $92.04. Coca-Cola FEMSA has a 52-week low of $69.33 and a 52-week high of $104.38. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. As a group, equities research analysts forecast that Coca-Cola FEMSA will post 6.28 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Investors Weigh In On Coca-Cola FEMSA

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Coca-Cola FEMSA during the first quarter worth approximately $3,346,000. Capital Wealth Planning LLC increased its stake in shares of Coca-Cola FEMSA by 14.4% in the fourth quarter. Capital Wealth Planning LLC now owns 18,254 shares of the company’s stock worth $1,728,000 after buying an additional 2,300 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Coca-Cola FEMSA in the first quarter valued at $4,217,000. Finally, Corient Private Wealth LLC grew its holdings in Coca-Cola FEMSA by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after acquiring an additional 187 shares in the last quarter.

About Coca-Cola FEMSA

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.