Coca-Cola FEMSA (NYSE:KOF) Posts Quarterly Earnings Results, Meets Expectations

Coca-Cola FEMSA (NYSE:KOF) posted its earnings results on Monday. The company reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55, Zacks reports. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same quarter in the previous year, the firm posted $1.32 earnings per share.

Coca-Cola FEMSA Price Performance

Shares of KOF traded down $0.99 during mid-day trading on Wednesday, hitting $86.85. 100,908 shares of the company traded hands, compared to its average volume of 162,368. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The business has a 50-day moving average of $88.84 and a 200 day moving average of $93.66. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $104.38.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KOF. Barclays dropped their target price on Coca-Cola FEMSA from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, July 15th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. UBS Group dropped 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 research report on Wednesday, July 10th. Finally, Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.55.

Coca-Cola FEMSA Company Profile

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.