Coca-Cola FEMSA (NYSE:KOF) Sets New 52-Week Low – Here’s What Happened

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

Analyst Ratings Changes

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

Coca-Cola FEMSA Stock Down 0.4 %

The company has a market cap of $127.90 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.71 and a beta of 0.83. The company has a 50-day simple moving average of $79.72 and a 200 day simple moving average of $84.46. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

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

Institutional Investors Weigh In On Coca-Cola FEMSA

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at about $71,000. Sanctuary Advisors LLC lifted its position in shares of Coca-Cola FEMSA by 8.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,685 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,344 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Coca-Cola FEMSA by 46.0% during the third quarter. TD Private Client Wealth LLC now owns 3,102 shares of the company’s stock valued at $275,000 after purchasing an additional 978 shares in the last quarter. Finally, ABS Direct Equity Fund LLC purchased a new position in Coca-Cola FEMSA during the third quarter valued at approximately $1,003,000.

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.