Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) has received a consensus recommendation of "Hold" from nine research firms currently covering the company. Five analysts have rated the stock as a "Hold," while four have assigned a "Buy" recommendation. The average 12-month price target among analysts is $120.83.
Recent updates from various research firms include JPMorgan Chase & Co. raising its price target from $114.00 to $127.00 with a "neutral" rating, UBS Group increasing its target from $110.00 to $113.00 with a "neutral" rating, and Goldman Sachs setting a target price of $123.00. HSBC reissued a "hold" rating with a target price of $116.00, down from $120.00.
Institutional investors have been active in adjusting their stakes. EverSource Wealth Advisors LLC increased its position by 8.0% in the first quarter, while Kathmere Capital Management LLC grew its stake by 1.5%. Quadrant Capital Group LLC and Sage Investment Counsel LLC also increased their holdings. Shares of KOF opened at $118.20 on Friday, with a 52-week range of $84.00 to $122.14.
The company recently disclosed a quarterly dividend of $1.0838 per share, paid on October 23rd, representing an annualized dividend of $4.34 and a yield of 3.7%. This is a decrease from the previous quarterly dividend of $1.1248. Coca-Cola FEMSA reported earnings per share of $1.69 for the last quarter, with revenue of $4.36 billion.