Coca-Cola FEMSA (NYSE:KOF) Hits New 52-Week Low – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, 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 report on Wednesday, October 30th. Six investment 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 has an average rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Price Performance

The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $79.57 and a 200-day moving average of $84.40. The stock has a market capitalization of $125.36 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.71 and a beta of 0.83.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a $0.7433 dividend. 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 11.71%.

Hedge Funds Weigh In On Coca-Cola FEMSA

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

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.