Coca Cola Femsa (NYSE:KOF) Reaches New 52-Week High – Should You Buy?

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high during mid-day 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KOF shares. Wall Street Zen lowered Coca Cola Femsa from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. 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 research report on Wednesday, July 29th. The Goldman Sachs Group set a $123.00 price target on Coca Cola Femsa in a research note on Thursday. Finally, HSBC restated a “hold” rating and set a $116.00 price objective (down from $120.00) on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $120.83.

Coca Cola Femsa Trading Up 1.0%

The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The firm has a market cap of $201.89 billion, a PE ratio of 18.95, a P/E/G ratio of 1.61 and a beta of 0.52. The company’s 50-day moving average is $111.37 and its 200 day moving average is $107.42.

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

Coca Cola Femsa Cuts Dividend

The firm also recently announced 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 is a decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. Coca Cola Femsa’s dividend payout ratio is currently 59.31%.

Institutional Trading of Coca Cola Femsa

Several hedge funds and other institutional investors have recently modified their holdings of KOF. Whipplewood Advisors LLC grew its holdings in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after buying an additional 388 shares in the last quarter. KBC Group NV acquired a new position in Coca Cola Femsa during the first quarter valued at $69,000. Community Financial Services Group LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter worth about $92,000. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock worth $134,000 after acquiring an additional 101 shares in the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter worth about $179,000.

About Coca Cola Femsa

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.