Coca-Cola FEMSA, S.A.B. de C.V. (kof) Announces $0.89 Dividend
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:kof) declared a dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 2nd will be given a dividend of 0.893 per share on Monday, May 15th. The ex-dividend date is Friday, April 28th.
Coca-Cola FEMSA, S.A.B. de C.V. has decreased its dividend payment by an average of 7.7% annually over the last three years. Coca-Cola FEMSA, S.A.B. de C.V. has a dividend payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola FEMSA, S.A.B. de C.V. to earn $3.37 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 51.3%.
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) traded down 0.22% on Friday, hitting $73.18. The stock had a trading volume of 46,001 shares. The company has a 50-day moving average price of $71.23 and a 200-day moving average price of $68.23. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 28.31 and a beta of 0.82. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $59.44 and a 1-year high of $87.58.
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) last posted its earnings results on Friday, February 24th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Coca-Cola FEMSA, S.A.B. de C.V. had a return on equity of 8.60% and a net margin of 6.17%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post $2.87 earnings per share for the current year.
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Several research firms have recently issued reports on KOF. Zacks Investment Research raised Coca-Cola FEMSA, S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Friday, April 14th. Barclays PLC reduced their target price on Coca-Cola FEMSA, S.A.B. de C.V. to $14.00 in a research note on Friday, January 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.80.
A hedge fund recently raised its stake in Coca-Cola FEMSA, S.A.B. de C.V. stock. State Street Corp boosted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,543 shares of the company’s stock after buying an additional 70 shares during the period. State Street Corp’s holdings in Coca-Cola FEMSA, S.A.B. de C.V. were worth $732,000 at the end of the most recent reporting period. 5.70% of the stock is currently owned by hedge funds and other institutional investors.
About Coca-Cola FEMSA, S.A.B. de C.V.
Coca-Cola FEMSA, SAB. de C.V. 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.
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