Coca-Cola FEMSA (NYSE:KOF) Sets New 1-Year Low – Time to Sell?

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $73.37 and last traded at $73.78, with a volume of 97612 shares. The stock had previously closed at $75.55.

Wall Street Analysts Forecast Growth

KOF has been the topic of several analyst reports. Barclays cut their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and an average price target of $104.75.

Check Out Our Latest Stock Analysis on Coca-Cola FEMSA

Coca-Cola FEMSA Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $126.30 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83. The business’s 50-day moving average is $78.66 and its 200 day moving average is $83.97.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 11.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after purchasing an additional 304,197 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after purchasing an additional 110,926 shares during the period. Marshall Wace LLP bought a new stake in shares of Coca-Cola FEMSA during the second quarter valued at approximately $7,708,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of Coca-Cola FEMSA during the third quarter valued at approximately $3,912,000.

About Coca-Cola FEMSA

(Get Free Report)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.

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