Coca Cola FEMSA (NYSE:KOF) Hits New 52-Week High – Still a Buy?

Coca Cola FEMSA S.A.B. de C.V. (NYSE:KOF) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $122.22 and last traded at $121.4660, with a volume of 30,643 shares. The stock had previously closed at $118.41.

Analysts Set New Price Targets

KOF has been the topic of several analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $129.00 price target on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. Barclays upped their price objective on shares of Coca Cola FEMSA from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. UBS Group raised their target price 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. HSBC lowered Coca Cola FEMSA from a “buy” rating to a “hold” rating and cut their price target for the company from $120.00 to $116.00 in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.43.

Coca Cola FEMSA Trading Up 1.9%

The company’s fifty day simple moving average is $113.19 and its 200-day simple moving average is $107.69. The firm has a market capitalization of $202.88 billion, a PE ratio of 18.46, a P/E/G ratio of 1.64 and a beta of 0.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 0.96.

Coca Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, October 26th. The company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.36 billion. As a group, sell-side analysts expect that Coca Cola FEMSA S.A.B. de C.V. will post 6.98 earnings per share for the current fiscal year.

Coca Cola FEMSA Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were given a $1.0838 dividend. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. This is a drop from Coca Cola FEMSA’s previous quarterly dividend of $1.1248. The ex-dividend date was Friday, October 9th. Coca Cola FEMSA’s dividend payout ratio (DPR) is 57.40%.

Institutional Trading of Coca Cola FEMSA

A number of institutional investors have recently made changes to their positions in the company. Stack Financial Management Inc acquired a new stake in shares of Coca Cola FEMSA in the second quarter valued at about $26,079,000. Bryn Mawr Trust Advisors LLC acquired a new position in Coca Cola FEMSA during the second quarter worth about $12,512,000. Everett Harris & Co. CA acquired a new position in Coca Cola FEMSA during the second quarter worth about $7,619,000. BIP Wealth LLC acquired a new position in Coca Cola FEMSA during the second quarter worth about $6,129,000. Finally, Summit Global Investments purchased a new stake in Coca Cola FEMSA during the 2nd quarter valued at about $4,921,000.

About Coca Cola FEMSA

Coca-Cola FEMSA, S.A.B. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products. The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.