Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Coca-Cola FEMSA, S.A.B. de C.V. is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company operates in the non-alcoholic beverages industry, focusing on the production, bottling, distribution, and commercialization of beverages under trademarks owned by The Coca-Cola Company. Its portfolio includes carbonated soft drinks, still beverages, water, juices, sports drinks, energy drinks, and teas, making beverage sales its primary revenue driver.
Founded in 1991 through a strategic partnership between FEMSA and The Coca-Cola Company, Coca-Cola FEMSA has grown through organic expansion and acquisitions across Latin America and parts of Europe. The company benefits from exclusive bottling agreements, strong local distribution capabilities, and deep market penetration in emerging markets, which collectively provide scale advantages, brand strength, and resilient demand across economic cycles.
Business Operations
Coca-Cola FEMSA generates revenue through the manufacture and sale of beverages across several operating segments, primarily Mexico, Central America, South America, and Europe. The company manages the full value chain, including concentrate procurement, bottling, packaging, logistics, and route-to-market execution. Its product portfolio is aligned with global Coca-Cola trademarks while also incorporating region-specific brands and flavors to meet local consumer preferences.
The company controls an extensive production and distribution infrastructure, including bottling plants, distribution centers, and a large direct-store-delivery network. Coca-Cola FEMSA operates under long-term bottling agreements with The Coca-Cola Company and maintains key subsidiaries such as Coca-Cola FEMSA México, Coca-Cola FEMSA Brasil, Coca-Cola FEMSA Colombia, and Coca-Cola FEMSA Philippines, which are integral to its regional operations.
Strategic Position & Investments
Coca-Cola FEMSA’s strategy focuses on sustainable growth through volume expansion, portfolio diversification, operational efficiency, and disciplined capital allocation. Growth initiatives include increasing penetration of low- and no-sugar beverages, expanding still beverage categories, and leveraging digital tools to optimize pricing, customer engagement, and supply chain performance.
The company has pursued selective acquisitions to strengthen its geographic footprint and operational scale, most notably the acquisition of Coca-Cola FEMSA Philippines in partnership with The Coca-Cola Company. Ongoing investments target manufacturing modernization, returnable packaging, and data-driven commercial platforms. Emerging priorities include digitalization, advanced analytics, and environmentally focused technologies related to water stewardship and packaging circularity.
Geographic Footprint
Coca-Cola FEMSA operates across Latin America and Europe, with its corporate headquarters located in Mexico City, Mexico. Its core markets include Mexico, Brazil, Colombia, Argentina, Central America, Peru, Uruguay, Venezuela, and Chile, as well as the Philippines in Asia.
In Europe, the company operates in Germany through its stake in Coca-Cola bottling operations. Overall, Coca-Cola FEMSA serves millions of points of sale across multiple continents, with emerging markets representing the majority of its volume and long-term growth potential.
Leadership & Governance
Coca-Cola FEMSA operates under a professional management structure aligned with FEMSA’s long-term value creation philosophy, emphasizing operational discipline, sustainability, and stakeholder alignment. The company maintains a board and executive team with extensive experience in consumer goods, emerging markets, and large-scale operations.
Key executives include:
- Ian Craig – Chief Executive Officer
- Rafael Ramos – Chief Financial Officer
- Óscar González – President, South America Operations
- Francisco Crespo – President, Mexico and Central America Operations
- Carlos Salazar Lomelín – Chairman of the Board
The leadership team emphasizes execution excellence, disciplined growth, and collaboration with The Coca-Cola Company to strengthen brand equity and long-term profitability across its territories.