Coca Cola Femsa (NYSE:KOF) Sets New 1-Year High – Here’s What Happened

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.96 and last traded at $103.42, with a volume of 19541 shares. The stock had previously closed at $101.81.

Wall Street Analysts Forecast Growth

KOF has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Barclays reaffirmed an “equal weight” rating and issued a $98.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. UBS Group lifted their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Finally, Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.67.

Coca Cola Femsa Stock Up 2.7%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The firm has a 50-day moving average of $93.12 and a 200 day moving average of $88.22. The stock has a market capitalization of $167.81 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.27 and a beta of 0.51.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were paid a dividend of $0.9979 per share. The ex-dividend date was Monday, December 8th. This represents a $3.99 annualized dividend and a dividend yield of 3.8%. Coca Cola Femsa’s payout ratio is currently 64.29%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of institutional investors have recently bought and sold shares of the business. Boston Partners lifted its position in shares of Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after buying an additional 1,644,614 shares during the last quarter. Auto Owners Insurance Co raised its stake in Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after acquiring an additional 294,400 shares during the period. Bank of America Corp DE lifted its holdings in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Coca Cola Femsa during the third quarter worth approximately $12,584,000. Finally, Lakewood Capital Management LP acquired a new stake in Coca Cola Femsa during the 3rd quarter worth approximately $10,953,000.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.