Coca Cola FEMSA (NYSE:KOF) Hits New 1-Year High – What’s Next?

Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high on Friday. The company traded as high as $122.22 and last traded at $121.4660, with a volume of 30,643 shares traded. The stock had previously closed at $118.41.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KOF. Itau BBA Securities lowered shares of Coca Cola FEMSA from an “outperform” rating to a “market perform” rating and set a $116.00 price target for the company. in a report on Tuesday, November 3rd. Weiss Ratings downgraded Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. Wall Street Zen lowered Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. HSBC lowered Coca Cola FEMSA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $120.00 to $116.00 in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $129.00 target price on shares of Coca Cola FEMSA in a research note on Wednesday, October 28th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $121.43.

Coca Cola FEMSA Trading Up 1.9%

The company has a quick ratio of 0.96, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average is $113.35 and its 200 day moving average is $107.75. The firm has a market capitalization of $202.71 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.61 and a beta of 0.54.

Coca Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.17). The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. Equities analysts predict that Coca Cola FEMSA S.A.B. de C.V. will post 6.98 earnings per share for the current year.

Coca Cola FEMSA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a $1.0838 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.34 dividend on an annualized basis and a yield of 3.6%. This is a negative change from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. Coca Cola FEMSA’s payout ratio is currently 57.40%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Coca Cola FEMSA by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock worth $134,000 after purchasing an additional 101 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Coca Cola FEMSA by 0.7% during the third quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $1,942,000 after purchasing an additional 122 shares in the last quarter. Point Nemo Capital LLC boosted its holdings in Coca Cola FEMSA by 2.2% during the third quarter. Point Nemo Capital LLC now owns 12,682 shares of the company’s stock valued at $1,370,000 after purchasing an additional 274 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in Coca Cola FEMSA by 11.2% during the third quarter. D Orazio & Associates Inc. now owns 2,900 shares of the company’s stock valued at $313,000 after purchasing an additional 292 shares in the last quarter. Finally, Confluence Investment Management LLC grew its stake in shares of Coca Cola FEMSA by 8.6% in the 2nd quarter. Confluence Investment Management LLC now owns 3,788 shares of the company’s stock valued at $402,000 after purchasing an additional 300 shares during the period.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, S.A.B. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products. The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.