Coca Cola Femsa (NYSE:KOF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $99.76 and traded as high as $107.67. Coca Cola Femsa shares last traded at $107.1070, with a volume of 82,186 shares trading hands.

Wall Street Analysts Forecast Growth

KOF has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of Coca Cola Femsa from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Barclays raised their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research report on Wednesday, February 11th. Finally, Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.20.

Coca Cola Femsa Stock Performance

The company’s 50-day moving average is $101.53 and its two-hundred day moving average is $99.76. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The firm has a market cap of $180.01 billion, a P/E ratio of 18.03, a PEG ratio of 1.30 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.79 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were given a dividend of $1.0873 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 annualized dividend and a dividend yield of 4.1%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s payout ratio is 66.67%.

Hedge Funds Weigh In On Coca Cola Femsa

Several hedge funds have recently modified their holdings of the company. Boston Partners lifted its position in shares of Coca Cola Femsa by 1.9% during the 4th quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after buying an additional 31,499 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Coca Cola Femsa by 0.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company’s stock worth $48,465,000 after buying an additional 1,915 shares in the last quarter. Invesco Ltd. lifted its position in shares of Coca Cola Femsa by 3.6% during the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after buying an additional 10,713 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after buying an additional 14,687 shares in the last quarter.

Coca Cola Femsa Company Profile

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.