Coca Cola Femsa (NYSE:KOF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $99.76 and traded as high as $107.67. Coca Cola Femsa shares last traded at $107.1070, with a volume of 82,186 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KOF. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Weiss Ratings cut shares of Coca Cola Femsa from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research report on Wednesday, February 11th. Barclays boosted their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Coca Cola Femsa Stock Up 1.4%

The firm has a market cap of $182.59 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.30 and a beta of 0.52. The firm’s 50 day moving average price is $101.77 and its two-hundred day moving average price is $99.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. As a group, sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.79 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were given a dividend of $1.0873 per share. This represents a $4.35 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, April 20th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s payout ratio is currently 66.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Boston Partners raised its holdings in Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after purchasing an additional 31,499 shares in the last quarter. Bank of America Corp DE raised its holdings in Coca Cola Femsa by 87.4% during the second 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 in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings 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 worth $48,465,000 after purchasing an additional 1,915 shares in the last quarter. Invesco Ltd. raised its holdings in Coca Cola Femsa by 3.6% during the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after purchasing an additional 10,713 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Coca Cola Femsa by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after acquiring an additional 14,687 shares in the last quarter.

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.