Coca Cola Femsa (NYSE:KOF) Reaches New 1-Year High – Should You Buy?

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high on Tuesday . The stock traded as high as $116.79 and last traded at $116.6050, with a volume of 77865 shares changing hands. The stock had previously closed at $114.87.

Analysts Set New Price Targets

Several analysts have weighed in on KOF shares. UBS Group boosted their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC reissued a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Barclays increased their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Price Performance

The business’s 50 day moving average price is $107.20 and its two-hundred day moving average price is $105.53. The stock has a market cap of $195.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. As a group, sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.9%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 61.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Coca Cola Femsa during the second quarter valued at approximately $2,769,992,000. BlackRock Inc. bought a new position in Coca Cola Femsa in the second quarter worth $1,017,381,000. Danske Bank A S purchased a new position in Coca Cola Femsa during the second quarter valued at $280,671,000. Boston Partners lifted its position in Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock valued at $159,287,000 after buying an additional 31,499 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of 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 valued at $57,024,000 after buying an additional 274,894 shares in the last quarter.

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.