Coca Cola Femsa (NYSE:KOF) Sets New 12-Month High Following Analyst Upgrade

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)’s share price hit a new 52-week high during 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 changing hands. The stock had previously closed at $111.91.

Several other research firms have also recently commented on KOF. Wall Street Zen cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Wednesday, January 28th. Finally, UBS Group lifted their price target 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Seafarer Capital Partners LLC boosted its position in 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 purchasing an additional 7,000 shares during the period. Cullen Capital Management LLC lifted its stake in shares of Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after buying an additional 12,312 shares during the last quarter. ABS Direct Equity Fund LLC lifted its stake in shares of 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 buying an additional 11,246 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of 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 buying an additional 35,477 shares during the period. Finally, Russell Investments Group Ltd. grew 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 buying an additional 22,787 shares during the last quarter.

Coca Cola Femsa Stock Performance

The firm has a market cap 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 current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $98.64 and its 200 day moving average is $89.93.

Coca Cola Femsa Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a dividend of $0.9979 per share. This represents a $3.99 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) 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.