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

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $73.37 and last traded at $73.78, with a volume of 97612 shares. The stock had previously closed at $75.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KOF shares. Barclays decreased 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. Citigroup raised shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and upped their price objective for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Stock Down 0.5 %

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 firm has a market cap of $126.30 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83. The stock's 50 day moving average is $78.66 and its 200 day moving average is $83.97.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were given 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 11.71%.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter worth about $31,000. Marshall Wace LLP bought a new position in shares of Coca-Cola FEMSA during the 2nd quarter worth about $7,708,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company's stock worth $23,160,000 after purchasing an additional 110,926 shares during the period. Finally, HighTower Advisors LLC increased its stake in Coca-Cola FEMSA by 43.3% in the third quarter. HighTower Advisors LLC now owns 4,844 shares of the company's stock valued at $428,000 after acquiring an additional 1,464 shares during the period.

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.

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