Coca Cola Femsa (NYSE:KOF) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $88.10 and traded as high as $101.61. Coca Cola Femsa shares last traded at $100.9840, with a volume of 155,472 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KOF shares. Barclays reissued an “equal weight” rating and issued a $98.00 price target on shares of Coca Cola Femsa in a report on Tuesday, December 2nd. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. UBS Group increased their target price on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average target price of $104.67.

Coca Cola Femsa Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The firm has a market capitalization of $168.40 billion, a PE ratio of 17.59, a P/E/G ratio of 1.28 and a beta of 0.51. The company’s fifty day simple moving average is $92.07 and its 200 day simple moving average is $88.10.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. As a group, equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were issued a dividend of $0.9979 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s payout ratio is presently 64.29%.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently made changes to their positions in KOF. Caitong International Asset Management Co. Ltd raised its stake in shares of Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 275 shares during the period. Huntington National Bank bought a new position in Coca Cola Femsa in the 3rd quarter worth about $37,000. MAI Capital Management grew its holdings in Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after buying an additional 201 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Coca Cola Femsa during the 2nd quarter valued at about $44,000. Finally, Triumph Capital Management bought a new stake in shares of Coca Cola Femsa during the third quarter valued at about $49,000.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.