Coca Cola Femsa (NYSE:KOF) Reaches New 1-Year High – Here’s Why

Shares of 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 $102.43 and last traded at $101.56, with a volume of 21100 shares. The stock had previously closed at $100.86.

Wall Street Analyst Weigh In

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

Coca Cola Femsa Stock Up 1.3%

The firm has a market capitalization of $168.40 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.28 and a beta of 0.51. The company has a fifty day simple moving average of $92.07 and a 200 day simple moving average of $88.10. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were issued a dividend of $0.9979 per share. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.9%. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Hedge Funds Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Coca Cola Femsa during the 3rd quarter valued at about $37,000. MAI Capital Management boosted its holdings in shares of Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after acquiring an additional 201 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Coca Cola Femsa in the second quarter worth approximately $44,000. Finally, Triumph Capital Management purchased a new position in shares of Coca Cola Femsa during the third quarter valued at approximately $49,000.

Coca Cola Femsa Company Profile

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.