Coca Cola Femsa (NYSE:KOF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $99.76 and traded as high as $107.67. Coca Cola Femsa shares last traded at $107.1070, with a volume of 82,186 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KOF. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Barclays increased their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. The Goldman Sachs Group increased their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.20.

Coca Cola Femsa Stock Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a fifty day simple moving average of $101.53 and a two-hundred day simple moving average of $99.76. The stock has a market capitalization of $180.01 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.30 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. Analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.79 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were issued a dividend of $1.0873 per share. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, April 20th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio (DPR) is 66.67%.

Institutional Trading of Coca Cola Femsa

A number of large investors have recently bought and sold shares of the business. Opal Capital LLC grew its stake in shares of Coca Cola Femsa by 14.0% in the 1st quarter. Opal Capital LLC now owns 32,222 shares of the company’s stock valued at $3,143,000 after buying an additional 3,960 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Coca Cola Femsa by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after buying an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in shares of Coca Cola Femsa in the 1st quarter valued at about $555,000. Quantinno Capital Management LP grew its stake in shares of Coca Cola Femsa by 30.0% in the 1st quarter. Quantinno Capital Management LP now owns 25,509 shares of the company’s stock valued at $2,488,000 after buying an additional 5,892 shares during the period. Finally, Compound Planning Inc. grew its stake in shares of Coca Cola Femsa by 15.5% in the 1st quarter. Compound Planning Inc. now owns 6,467 shares of the company’s stock valued at $631,000 after buying an additional 867 shares during the period.

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.