Coca Cola Femsa (NYSE:KOF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $102.99 and traded as high as $108.93. Coca Cola Femsa shares last traded at $107.0810, with a volume of 139,429 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KOF shares. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Barclays increased their target price on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Finally, UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Coca Cola Femsa Price Performance

The firm has a market cap of $179.97 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.29 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The business has a 50 day simple moving average of $105.65 and a 200-day simple moving average of $102.99.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. Equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 13th will be given a dividend of $1.1248 per share. The ex-dividend date of this dividend is Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.2%. Coca Cola Femsa’s payout ratio is presently 66.67%.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 275 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares during the last quarter. Huntington National Bank bought a new stake in shares of Coca Cola Femsa in the 3rd quarter worth $37,000. Whipplewood Advisors LLC grew its stake in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after purchasing an additional 422 shares during the last quarter.

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.