Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $91.00.
Several equities research analysts recently issued reports on the company. Barclays set a $72.00 price objective on Coca-Cola FEMSA and gave the company a “buy” rating in a report on Saturday, July 28th. ValuEngine downgraded Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Friday, October 5th. JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $66.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, Santander upgraded Coca-Cola FEMSA from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of KOF. ARGA Investment Management LP increased its holdings in Coca-Cola FEMSA by 109.8% during the 3rd quarter. ARGA Investment Management LP now owns 452,227 shares of the company’s stock worth $27,694,000 after purchasing an additional 236,648 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Coca-Cola FEMSA by 18.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,165,900 shares of the company’s stock valued at $65,792,000 after acquiring an additional 182,300 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Coca-Cola FEMSA by 6.3% in the 2nd quarter. Macquarie Group Ltd. now owns 2,217,726 shares of the company’s stock valued at $125,146,000 after acquiring an additional 131,580 shares during the last quarter. Newfoundland Capital Management purchased a new position in shares of Coca-Cola FEMSA in the 3rd quarter valued at about $6,224,000. Finally, Millennium Management LLC increased its holdings in shares of Coca-Cola FEMSA by 29.5% in the 2nd quarter. Millennium Management LLC now owns 379,588 shares of the company’s stock valued at $21,420,000 after acquiring an additional 86,558 shares during the last quarter. Institutional investors own 6.74% of the company’s stock.
The business also recently declared a dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.872 per share. The ex-dividend date was Tuesday, October 30th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 50.92%.
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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
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