Coca-Cola FEMSA (NYSE:KOF) Sets New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

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

Coca-Cola FEMSA Stock Down 2.1 %

The firm’s 50 day simple moving average is $80.21 and its 200 day simple moving average is $84.62. The company has a market cap of $127.90 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

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 paid a dividend of $0.7433 per share. This represents a yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s payout ratio is currently 11.71%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 378,325 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after buying an additional 62,282 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Coca-Cola FEMSA in the third quarter valued at $31,000. Marshall Wace LLP acquired a new stake in shares of Coca-Cola FEMSA in the second quarter valued at $7,708,000. Finally, Canada Pension Plan Investment Board bought a new position in Coca-Cola FEMSA during the second quarter valued at about $2,515,000.

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.