The company is up by 1.91 percent from yesterday’s close. Shares last traded at $87.43 which is just a bit higher than $81.70, the stock’s 50 day moving average and a tad above the 200 day moving average of $70.95. The 50 day moving average moved up $5.71 and the 200 day average was up $16.46.
Coca-Cola FEMSA, S.A.B. de C.V., launched on November 30, 1991, 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. The Business’s segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Business’s equity method investment in Coca-Cola FEMSA Philippines, Inc. (CCFPI). The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, value-added dairy and isotonic drinks)..
These firms have also modified their investment in KOF. Vontobel Asset Management Inc augmented its position by buying 2,391 shares an increase of 3.2%. Vontobel Asset Management Inc currently owns 76,118 shares valued at $6,445,000. The total value of its holdings increased 21.9%. As of quarter end Bank Of Montreal /can/ had acquired a total of 120 shares growing its holdings by 480.0%. The value of the investment in Coca Cola Femsa S.A.B. de C.V. went from $2,000 to $12,000 increasing 500.0% quarter over quarter.
As of the end of the quarter Capital Asset Advisory Services LLC had bought 1,005 shares growing its position 41.0%. The value of the total investment in Coca Cola Femsa S.A.B. de C.V. increased from $203,000 to $287,000 a change of 41.4% since the last quarter. As of the end of the quarter Hexavest Inc. had sold a total of 13,640 shares trimming its stake by 81.7%. The value in dollars went from $1,197,000 to $259,000 a change of $938,000 for the reporting period.
Equity analyst Citigroup both upgraded the stock and lowered the price target on September 14 cutting the price target from $73.00 to $72.00 and changing the rating from “Sell” to “Neutral”. On September 14 the stock rating was upgraded to “Neutral” from “Sell” and a price target of $72.00 was set in an announcement from Citigroup.
On September 8 the company was upgraded from “” to “Outperform” in a report from Credit Suisse. On July 24 the company was downgraded from “” to “Sell” with a current price target of $73.00 in a statement from Citigroup.
June 3 investment analysts at JP Morgan made no change to the company rating of “Neutral” and raised the price target to $89.00 from $83.00. On March 7 Barclays made no change to the stock rating of “Overweight” but lowered the price target from $88.00 to $86.00.
The company declared a dividend for shareholders that was paid on Monday the 15th of May 2017. The dividend payment was $0.448 per share for the quarter or $1.79 on an annualized basis. This dividend represents a yield of $2.12. The ex-dividend date was Friday the 28th of April 2017.
Coca Cola Femsa S.A.B. de C.V.’s P/E ratio is 24.17 and the market value is 18.12B. As of the last earnings report the EPS was $3.62 and is expected to be $3.91 for the current year with 207,289,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.74 and the next full year EPS is projected to be $4.02.Advertisement