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

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)’s stock price hit 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 changing hands. The stock had previously closed at $114.87.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KOF shares. UBS Group increased their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. HSBC restated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Barclays upped their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective 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, Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Stock Down 2.1%

The stock has a fifty day moving average of $107.54 and a two-hundred day moving average of $105.65. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The stock has a market cap of $192.44 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.39 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 3.9%. Coca Cola Femsa’s dividend payout ratio is currently 62.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Coca Cola Femsa by 19.1% during the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after purchasing an additional 99 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 101 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Coca Cola Femsa by 1.5% in the 1st quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock worth $728,000 after buying an additional 112 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Coca Cola Femsa by 0.6% during the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock valued at $2,261,000 after buying an additional 150 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of Coca Cola Femsa by 2.4% during the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock valued at $615,000 after buying an additional 152 shares during the period.

About Coca Cola Femsa

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.