Coca-Cola FEMSA (NYSE:KOF) Hits New 12-Month Low - What's Next?

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) 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 changing hands. The stock had previously closed at $76.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays dropped their price target on 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 research report on Tuesday, November 5th. Finally, Citigroup upgraded 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 research report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of "Buy" and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a market capitalization of $127.90 billion, a PE ratio of 12.92, a P/E/G ratio of 0.71 and a beta of 0.83. The firm has a fifty day moving average price of $79.57 and a two-hundred day moving average price of $84.40.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a $0.7433 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 6th. Coca-Cola FEMSA's dividend payout ratio is presently 11.71%.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently added to or reduced their stakes in KOF. Bank of New York Mellon Corp lifted its holdings in shares of Coca-Cola FEMSA by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company's stock worth $1,413,000 after buying an additional 476 shares during the period. Acadian Asset Management LLC bought a new position in Coca-Cola FEMSA during the 2nd quarter worth about $327,000. Caprock Group LLC increased its position in Coca-Cola FEMSA by 272.0% during the 2nd quarter. Caprock Group LLC now owns 12,652 shares of the company's stock valued at $1,086,000 after purchasing an additional 9,251 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at about $32,000. Finally, D Orazio & Associates Inc. lifted its position in shares of Coca-Cola FEMSA by 5.4% in the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company's stock worth $230,000 after purchasing an additional 138 shares during the period.

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.