Coca-Cola FEMSA (NYSE:KOF) Sets New 52-Week Low – Should You Sell?

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) hit a new 52-week low during trading on Thursday . The company traded as low as $75.06 and last traded at $76.10, with a volume of 164162 shares changing hands. The stock had previously closed at $76.39.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KOF shares. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays dropped their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Price Performance

The firm has a market cap of $125.36 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.71 and a beta of 0.83. The stock’s fifty day moving average price is $79.57 and its 200-day moving average price is $84.40. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a $0.7433 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 11.71%.

Institutional Trading of Coca-Cola FEMSA

A number of hedge funds and other institutional investors have recently modified their holdings of KOF. JPMorgan Chase & Co. increased its position in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola FEMSA during the 3rd quarter worth approximately $71,000. Sanctuary Advisors LLC increased its holdings in Coca-Cola FEMSA by 8.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock valued at $1,480,000 after purchasing an additional 1,344 shares during the last quarter. TD Private Client Wealth LLC raised its position in Coca-Cola FEMSA by 46.0% in the third quarter. TD Private Client Wealth LLC now owns 3,102 shares of the company’s stock valued at $275,000 after purchasing an additional 978 shares during the period. Finally, ABS Direct Equity Fund LLC acquired a new position in Coca-Cola FEMSA during the third quarter worth $1,003,000.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.