Coca-Cola FEMSA (NYSE:KOF) Hits New 1-Year Low – What’s Next?

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) hit a new 52-week low on Thursday . The company traded as low as $75.06 and last traded at $76.10, with a volume of 164162 shares trading hands. The stock had previously closed at $76.39.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KOF shares. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $127.90 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 0.71 and a beta of 0.83. The firm has a 50-day simple moving average of $79.72 and a two-hundred day simple moving average of $84.46.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Trading of Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new position in Coca-Cola FEMSA in the 2nd quarter valued at $32,000. Hartford Financial Management Inc. lifted its holdings in Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC boosted its stake in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola FEMSA during the third quarter worth $71,000.

Coca-Cola FEMSA Company Profile

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.