Coca Cola Femsa (NYSE:KOF) Hits New 52-Week High on Analyst Upgrade

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high 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.

A number of other research firms have also recently issued reports on KOF. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Wednesday, January 28th. UBS Group raised 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research upgraded shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.00.

Institutional Investors Weigh In On Coca Cola Femsa

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in Coca Cola Femsa by 48.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,258 shares of the company’s stock valued at $5,707,000 after acquiring an additional 19,708 shares during the period. Natixis Advisors LLC grew its stake in shares of Coca Cola Femsa by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock worth $17,948,000 after purchasing an additional 7,549 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in Coca Cola Femsa by 32.7% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock valued at $3,969,000 after purchasing an additional 10,319 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Coca Cola Femsa by 30.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,439 shares of the company’s stock worth $2,030,000 after purchasing an additional 5,035 shares during the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in Coca Cola Femsa during the 4th quarter worth $188,000.

Coca Cola Femsa Price Performance

The company has a fifty day simple moving average of $98.64 and a 200 day simple moving average of $89.93. The stock has a market capitalization of $188.42 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa Cuts Dividend

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