Coca Cola Femsa (NYSE:KOF) Sets New 12-Month High – Still a Buy?

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) reached a new 52-week high on Thursday . The stock traded as high as $102.96 and last traded at $103.42, with a volume of 19541 shares traded. The stock had previously closed at $101.81.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. UBS Group lifted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Barclays reissued an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.67.

Coca Cola Femsa Stock Performance

The stock has a market capitalization of $167.81 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $93.12 and a two-hundred day moving average price of $88.22.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

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 given a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s payout ratio is presently 64.29%.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners boosted its position in shares of 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 purchasing an additional 1,644,614 shares in the last quarter. Auto Owners Insurance Co increased its position in Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after buying an additional 294,400 shares in the last quarter. Bank of America Corp DE raised its stake in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares during the period. Crossmark Global Holdings Inc. bought a new position in Coca Cola Femsa in the third quarter worth approximately $12,584,000. Finally, Lakewood Capital Management LP bought a new position in Coca Cola Femsa in the third quarter worth approximately $10,953,000.

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.