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

Key Points

• Coca-Cola FEMSA reached a new 52-week high of $121.73, trading around $120.13, above its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: four analysts rate the stock a Buy and five rate it Hold, producing an overall Hold rating and a consensus target price of $120.83.
• The company reported $1.69 in quarterly EPS and $4.36 billion in revenue, while its latest dividend was reduced to $1.0838 per quarter, implying a 3.6% yield and a 59.31% payout ratio.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report)'s stock price hit a new 52-week high 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 research firms recently commented on KOF. Weiss Ratings upgraded shares of Coca Cola Femsa from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Barclays boosted their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Coca Cola Femsa from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. JPMorgan Chase & Co. upped their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $123.00 price target on Coca Cola Femsa in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $120.83.

Coca Cola Femsa Trading Up 1.0%

The business has a fifty day moving average of $111.37 and a 200-day moving average of $107.42. The stock has a market capitalization of $201.89 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.61 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results 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 for the quarter. On average, equities 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 will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a $1.0838 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. This is a decrease from Coca Cola Femsa's previous quarterly dividend of $1.1248. Coca Cola Femsa's dividend payout ratio is presently 59.31%.

Institutional Trading of Coca Cola Femsa

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH lifted its stake in Coca Cola Femsa by 0.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company's stock valued at $48,465,000 after purchasing an additional 1,915 shares during the last quarter. Stack Financial Management Inc acquired a new position in Coca Cola Femsa in the second quarter worth approximately $26,079,000. Bryn Mawr Trust Advisors LLC acquired a new position in Coca Cola Femsa in the second quarter worth approximately $12,512,000. Everett Harris & Co. CA acquired a new position in Coca Cola Femsa in the second quarter worth approximately $7,619,000. Finally, BIP Wealth LLC bought a new position in shares of Coca Cola Femsa in the second quarter valued at $6,129,000.

Coca Cola Femsa Company Profile

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.

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