Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) declared a semi-annual dividend on Friday, October 16th, Wall Street Journal reports. Shareholders of record on Friday, October 30th will be given a dividend of 1.1303 per share on Friday, November 13th. This represents a dividend yield of 5.1%. The ex-dividend date is Thursday, October 29th.
Coca-Cola FEMSA has increased its dividend payment by 2.6% over the last three years and has raised its dividend annually for the last 1 consecutive years.
KOF stock opened at $41.05 on Friday. The company has a market capitalization of $8.62 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. Coca-Cola FEMSA has a one year low of $37.73 and a one year high of $65.49. The company’s 50 day moving average price is $41.47 and its two-hundred day moving average price is $42.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.04 and a current ratio of 1.21.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Coca-Cola FEMSA from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 23rd. Barclays cut shares of Coca-Cola FEMSA from an “overweight” rating to an “equal weight” rating in a report on Monday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.00.
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 products, sports drinks, energy drinks, and plant-based drinks.
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