Coca-Cola FEMSA (NYSE:KOF) Sets New 52-Week Low – Here’s What Happened

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $80.72 and last traded at $81.04, with a volume of 48898 shares changing hands. The stock had previously closed at $81.33.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KOF. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. UBS Group cut their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, Barclays dropped their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $103.91.

Coca-Cola FEMSA Stock Down 1.0 %

The stock’s fifty day moving average is $87.08 and its two-hundred day moving average is $89.31. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The firm has a market cap of $135.34 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.68 and a beta of 0.87.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were issued a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 11.54%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its holdings in shares of Coca-Cola FEMSA by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock worth $94,797,000 after buying an additional 17,208 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock worth $42,025,000 after buying an additional 62,282 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after buying an additional 5,166 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Coca-Cola FEMSA by 7.7% in the 2nd quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock valued at $14,359,000 after purchasing an additional 11,920 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock valued at $12,447,000 after purchasing an additional 4,742 shares in the last quarter.

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.