Coca Cola Femsa (NYSE:KOF) Reaches New 1-Year High - Should You Buy?

Key Points

• Coca-Cola FEMSA reached a new 52-week high of $116.79, up 1.4%, with the stock trading above its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with four Buy ratings and five Holds, while the average price target is $118.83.
• The company reported quarterly revenue of $4.36 billion and EPS of $1.69, and increased its quarterly dividend to $1.1248 per share—an annualized yield of approximately 3.9%.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $116.79 and last traded at $116.6050, with a volume of 77865 shares trading hands. The stock had previously closed at $114.87.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KOF. Weiss Ratings raised shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. Wall Street Zen raised shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. UBS Group boosted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Finally, Barclays increased their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $118.83.

Coca Cola Femsa Stock Up 1.4%

The stock's fifty day moving average price is $107.20 and its 200 day moving average price is $105.53. The stock has a market cap of $195.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.33 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. As a group, research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a dividend of $1.1248 per share. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 3.9%. Coca Cola Femsa's dividend payout ratio (DPR) is 61.99%.

Institutional Trading of Coca Cola Femsa

Several hedge funds and other institutional investors have recently bought and sold shares of KOF. Bank of New York Mellon Corp purchased a new position in shares of Coca Cola Femsa during the second quarter worth approximately $2,769,992,000. BlackRock Inc. purchased a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at $1,017,381,000. Danske Bank A S bought a new position in shares of Coca Cola Femsa during the 2nd quarter valued at $280,671,000. Stack Financial Management Inc bought a new position in shares of Coca Cola Femsa during the 2nd quarter valued at $26,079,000. Finally, Bank of America Corp DE raised its position in Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after purchasing an additional 274,894 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.

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