Analysts Set Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Target Price at $100.00

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has earned a consensus recommendation of “Buy” from the six analysts that are covering the company. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $95.50.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Coca-Cola FEMSA, S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Friday, April 14th. Barclays PLC restated a “buy” rating and issued a $72.00 target price (down from $86.00) on shares of Coca-Cola FEMSA, S.A.B. de C.V. in a report on Saturday, January 14th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. during the third quarter worth approximately $203,000. Conning Inc. bought a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. during the third quarter worth $503,000. Wells Fargo & Company MN boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 11.6% in the third quarter. Wells Fargo & Company MN now owns 19,457 shares of the company’s stock worth $1,460,000 after buying an additional 2,018 shares during the period. Aperio Group LLC boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 9.9% in the third quarter. Aperio Group LLC now owns 39,311 shares of the company’s stock worth $2,948,000 after buying an additional 3,547 shares during the period. Finally, TD Asset Management Inc. boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. by 34.2% in the third quarter. TD Asset Management Inc. now owns 5,784 shares of the company’s stock worth $491,000 after buying an additional 1,473 shares during the period. Institutional investors and hedge funds own 5.70% of the company’s stock.

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Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) traded up 0.08% on Tuesday, hitting $73.40. 29,787 shares of the company traded hands. The company has a market capitalization of $15.22 billion, a PE ratio of 28.39 and a beta of 0.82. The stock’s 50-day moving average price is $71.23 and its 200-day moving average price is $68.23. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $59.44 and a 12 month high of $87.58.

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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Coca-Cola FEMSA, S.A.B. de C.V. had a return on equity of 8.60% and a net margin of 6.17%. On average, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post $2.87 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Monday, May 15th. Investors of record on Tuesday, May 2nd will be paid a $0.893 dividend. The ex-dividend date is Friday, April 28th. Coca-Cola FEMSA, S.A.B. de C.V.’s payout ratio is 68.44%.

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

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

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