Coca Cola Femsa (NYSE:KOF) Reaches New 1-Year High Following Analyst Upgrade

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) reached a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $98.00 to $110.00. Barclays currently has an equal weight rating on the stock. Coca Cola Femsa traded as high as $113.20 and last traded at $112.11, with a volume of 194494 shares trading hands. The stock had previously closed at $111.91.

KOF has been the topic of several other research reports. UBS Group boosted their target price on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Wednesday, January 28th. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Finally, Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

Hedge Funds Weigh In On Coca Cola Femsa

Several large investors have recently bought and sold shares of the business. Boston Partners grew its holdings in Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares during the period. Bank of America Corp DE increased its holdings in Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Cullen Capital Management LLC lifted its stake in Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after buying an additional 12,312 shares during the period. First Eagle Investment Management LLC boosted its holdings in Coca Cola Femsa by 4.1% during the second quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock worth $35,944,000 after buying an additional 14,773 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after buying an additional 77,475 shares during the period.

Coca Cola Femsa Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The company has a market capitalization of $188.42 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.44 and a beta of 0.49. The company has a 50-day moving average price of $98.64 and a 200-day moving average price of $89.93.

Coca Cola Femsa Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were paid a $0.9979 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a yield of 3.6%. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Coca Cola Femsa Company Profile

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.