Coca Cola Femsa (NYSE:KOF) Sets New 1-Year High – Still a Buy?

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high during trading on Tuesday. The company traded as high as $121.73 and last traded at $120.1270, with a volume of 339,211 shares traded. The stock had previously closed at $118.95.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. UBS Group raised their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen lowered Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. HSBC reiterated a “hold” rating and issued a $116.00 target price (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group set a $123.00 target price on Coca Cola Femsa in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $120.83.

Coca Cola Femsa Trading Down 0.4%

The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $111.69 and its 200-day moving average price is $107.69. The stock has a market capitalization of $198.05 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.61 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, equities research analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a $1.0838 dividend. The ex-dividend date is Friday, October 9th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.7%. This is a drop from Coca Cola Femsa’s previous quarterly dividend of $1.1248. Coca Cola Femsa’s dividend payout ratio (DPR) is 59.15%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently added to or reduced their stakes in the company. Everett Harris & Co. CA purchased a new stake in Coca Cola Femsa during the second quarter valued at approximately $7,619,000. Stack Financial Management Inc acquired a new stake in Coca Cola Femsa in the second quarter valued at approximately $26,079,000. Summit Global Investments purchased a new position in Coca Cola Femsa in the second quarter worth $4,921,000. ABC Arbitrage SA grew its holdings in Coca Cola Femsa by 108.1% in the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after purchasing an additional 11,225 shares during the last quarter. Finally, BIP Wealth LLC acquired a new position in shares of Coca Cola Femsa during the second quarter worth $6,129,000.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. 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.