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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)’s stock price reached a new 52-week low on Friday . The stock traded as low as $76.28 and last traded at $76.28, with a volume of 98947 shares changing hands. The stock had previously closed at $77.75.

Analyst Upgrades and Downgrades

KOF has been the topic of several research reports. Barclays dropped 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 research note on Wednesday, October 30th. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the stock 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 report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The company’s fifty day simple moving average is $80.41 and its 200-day simple moving average is $84.69. The company has a market capitalization of $128.49 billion, a P/E ratio of 12.98, a PEG ratio of 0.71 and a beta of 0.84.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a dividend of $0.7433 per share. 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 11.71%.

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors have recently bought and sold shares of KOF. Allspring Global Investments Holdings LLC purchased a new position in Coca-Cola FEMSA during the 3rd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Coca-Cola FEMSA during the second quarter worth $32,000. Hartford Financial Management Inc. grew its position in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after buying an additional 140 shares during the period. GAMMA Investing LLC increased its position in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA in the 3rd quarter worth about $71,000.

About Coca-Cola FEMSA

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.