Coca Cola Femsa (NYSE:KOF) Hits New 1-Year High – Time to Buy?

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)’s stock price hit a new 52-week high on Wednesday. The company traded as high as $117.12 and last traded at $117.1750, with a volume of 45,530 shares. The stock had previously closed at $115.60.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $123.00 price objective on Coca Cola Femsa in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. HSBC reaffirmed a “hold” rating and set a $116.00 target price (down from $120.00) on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays increased their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.83.

Coca Cola Femsa Stock Down 1.3%

The firm has a 50-day moving average of $110.97 and a two-hundred day moving average of $107.10. The firm has a market cap of $193.95 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.59 and a beta of 0.52. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.98 earnings per share for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a $1.0838 dividend. This is a negative change from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 9th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.51%.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC boosted its holdings in Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after purchasing an additional 388 shares during the period. KBC Group NV bought a new position in shares of Coca Cola Femsa during the 1st quarter worth about $69,000. Community Financial Services Group LLC bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $92,000. EverSource Wealth Advisors LLC raised its position in shares of Coca Cola Femsa by 8.0% during the first 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 last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Coca Cola Femsa during the first quarter valued at about $201,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.