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

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $109.45 and last traded at $105.73, with a volume of 190752 shares trading hands. The stock had previously closed at $107.86.

Analyst Ratings Changes

A number of equities analysts have recently commented on KOF shares. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group raised their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays reaffirmed an “equal weight” rating and set a $98.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Coca Cola Femsa currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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 firm has a market capitalization of $177.70 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.50. The business has a fifty day moving average of $96.45 and a two-hundred day moving average of $89.14.

Coca Cola Femsa Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were issued a $0.9979 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s payout ratio is currently 64.29%.

Institutional Trading of Coca Cola Femsa

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Seafarer Capital Partners LLC boosted its holdings in shares of Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after acquiring an additional 7,000 shares during the period. Cullen Capital Management LLC increased its stake in shares of Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after purchasing an additional 12,312 shares during the period. ABS Direct Equity Fund LLC lifted its holdings in Coca Cola Femsa by 146.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after purchasing an additional 11,246 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Coca Cola Femsa by 23.0% during the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after purchasing an additional 35,477 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Coca Cola Femsa by 506.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock valued at $2,639,000 after purchasing an additional 22,787 shares during the period.

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.