Coca-Cola FEMSA (NYSE:KOF) Sees Unusually-High Trading Volume - What's Next?

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) shares saw strong trading volume on Tuesday . 497,742 shares were traded during trading, an increase of 179% from the previous session's volume of 178,090 shares.The stock last traded at $93.36 and had previously closed at $96.14.

Analyst Ratings Changes

KOF has been the subject of several research reports. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Finally, Barclays lifted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

The business has a 50-day moving average price of $91.73 and a two-hundred day moving average price of $84.25. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $157.24 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a $0.8839 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. This represents a dividend yield of 3.1%. Coca-Cola FEMSA's dividend payout ratio is currently 13.76%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KOF. Bank of New York Mellon Corp boosted its holdings in shares of Coca-Cola FEMSA by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock worth $1,537,000 after buying an additional 149 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Coca-Cola FEMSA by 5.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock worth $254,000 after purchasing an additional 155 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock worth $545,000 after purchasing an additional 206 shares during the period. Avantax Advisory Services Inc. lifted its stake in Coca-Cola FEMSA by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after purchasing an additional 212 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after purchasing an additional 233 shares during the period.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.