Coca-Cola FEMSA (NYSE:KOF) Reaches New 1-Year Low - What's Next?

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report)'s stock 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 trading hands. The stock had previously closed at $77.75.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KOF shares. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Barclays lowered 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 research note on Wednesday, October 30th. Finally, Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Stock Performance

The stock's fifty day simple moving average is $80.21 and its two-hundred day simple moving average is $84.63. 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 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.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders 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 payout ratio is currently 11.71%.

Institutional Inflows and Outflows

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