Coca-Cola FEMSA (NYSE:KOF) Upgraded to “Buy” at Citigroup

Citigroup 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. They currently have $102.00 price target on the stock, up from their prior price target of $93.00.

Several other analysts also recently commented on the stock. UBS Group lowered their target price 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. Barclays lifted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Down 2.4 %

Shares of NYSE KOF opened at $81.38 on Tuesday. 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 has a fifty-two week low of $76.74 and a fifty-two week high of $104.38. The firm’s 50-day simple moving average is $87.08 and its 200 day simple moving average is $89.34.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were paid a $0.7811 dividend. The ex-dividend date of this dividend was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s payout ratio is 11.55%.

Institutional Trading of Coca-Cola FEMSA

A number of large investors have recently bought and sold shares of KOF. D Orazio & Associates Inc. grew its stake in shares of Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after acquiring an additional 138 shares during the period. Hartford Financial Management Inc. boosted its position in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares during the period. Chase Investment Counsel Corp boosted its position in Coca-Cola FEMSA by 3.6% during the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares during the period. Claro Advisors LLC increased its stake in shares of Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after purchasing an additional 172 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the period.

About Coca-Cola FEMSA

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.