Coca-Cola FEMSA (NYSE:KOF) Sets New 1-Year High at $72.22

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFGet Rating) hit a new 52-week high during trading on Tuesday . The company traded as high as $72.22 and last traded at $71.92, with a volume of 1542 shares changing hands. The stock had previously closed at $70.51.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KOF. Barclays increased their price objective on Coca-Cola FEMSA from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, December 19th. StockNews.com began coverage on Coca-Cola FEMSA in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Coca-Cola FEMSA Stock Performance

The firm has a 50 day moving average of $68.27 and a two-hundred day moving average of $63.03. The stock has a market cap of $119.61 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.64 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.24.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last announced its quarterly earnings data on Monday, October 24th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Coca-Cola FEMSA had a return on equity of 14.07% and a net margin of 8.09%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.79 billion. On average, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.91 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 14th. Shareholders of record on Tuesday, November 1st were given a $1.3398 dividend. The ex-dividend date was Monday, October 31st. This represents a dividend yield of 4.4%. Coca-Cola FEMSA’s dividend payout ratio is currently 60.39%.

Institutional Trading of Coca-Cola FEMSA

A number of hedge funds have recently modified their holdings of the company. Veracity Capital LLC bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter worth approximately $303,000. Ronald Blue Trust Inc. raised its holdings in shares of Coca-Cola FEMSA by 415.8% in the 4th quarter. Ronald Blue Trust Inc. now owns 784 shares of the company’s stock worth $46,000 after buying an additional 632 shares in the last quarter. Community Capital Management LLC raised its holdings in shares of Coca-Cola FEMSA by 4.5% in the 4th quarter. Community Capital Management LLC now owns 9,250 shares of the company’s stock worth $628,000 after buying an additional 400 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Coca-Cola FEMSA by 17.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,318 shares of the company’s stock worth $565,000 after buying an additional 1,257 shares in the last quarter. Finally, Symmetry Partners LLC raised its holdings in shares of Coca-Cola FEMSA by 27.7% in the 4th quarter. Symmetry Partners LLC now owns 6,275 shares of the company’s stock worth $426,000 after buying an additional 1,360 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

About Coca-Cola FEMSA

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Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.

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