Coca Cola FEMSA (NYSE:KOF) Hits New 52-Week High – Still a Buy?

Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF)’s share price hit a new 52-week high on Friday. The stock traded as high as $122.22 and last traded at $121.4660, with a volume of 30,643 shares. The stock had previously closed at $118.41.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $129.00 price target on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. HSBC cut Coca Cola FEMSA from a “buy” rating to a “hold” rating and cut their price target for the company from $120.00 to $116.00 in a report on Tuesday, July 28th. Barclays lifted their price objective on Coca Cola FEMSA from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. UBS Group boosted their price objective on Coca Cola FEMSA from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen cut Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coca Cola FEMSA currently has an average rating of “Hold” and an average price target of $121.43.

Coca Cola FEMSA Stock Up 1.9%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 0.96. The company has a market capitalization of $202.88 billion, a PE ratio of 18.46, a P/E/G ratio of 1.64 and a beta of 0.54. The business’s 50 day simple moving average is $113.19 and its 200 day simple moving average is $107.69.

Coca Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.17). The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Coca Cola FEMSA had a net margin of 7.95% and a return on equity of 15.76%. As a group, analysts anticipate 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 was paid on Friday, October 23rd. Investors of record on Friday, October 9th were given a dividend of $1.0838 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, October 9th. This is a negative change from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. Coca Cola FEMSA’s dividend payout ratio is 57.40%.

Institutional Trading of Coca Cola FEMSA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Coca Cola FEMSA by 8.0% in 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. Quadrant Capital Group LLC lifted its holdings in shares of Coca Cola FEMSA by 0.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock worth $1,942,000 after acquiring an additional 122 shares during the last quarter. Point Nemo Capital LLC lifted its holdings in shares of Coca Cola FEMSA by 2.2% in the 3rd quarter. Point Nemo Capital LLC now owns 12,682 shares of the company’s stock worth $1,370,000 after acquiring an additional 274 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of Coca Cola FEMSA by 11.2% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,900 shares of the company’s stock worth $313,000 after purchasing an additional 292 shares during the period. Finally, Confluence Investment Management LLC boosted its position in shares of Coca Cola FEMSA by 8.6% during the 2nd quarter. Confluence Investment Management LLC now owns 3,788 shares of the company’s stock worth $402,000 after purchasing an additional 300 shares during the period.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, S.A.B. 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.