Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) shares reached a new 52-week high on Monday . The stock traded as high as $63.75 and last traded at $63.70, with a volume of 5197 shares traded. The stock had previously closed at $62.92.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Bradesco Corretora downgraded shares of Coca-Cola FEMSA from an "outperform" rating to a "neutral" rating and set a $60.00 target price for the company. in a research note on Wednesday, June 1st. TheStreet upgraded shares of Coca-Cola FEMSA from a "c+" rating to a "b" rating in a research note on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.
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Coca-Cola FEMSA Price Performance
The business's 50-day moving average price is $59.71 and its 200 day moving average price is $56.80. The stock has a market capitalization of $106.07 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.05 and a current ratio of 1.28.
Hedge Funds Weigh In On Coca-Cola FEMSA
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in shares of Coca-Cola FEMSA by 3.5% during the fourth quarter. Northern Trust Corp now owns 13,865 shares of the company's stock worth $760,000 after purchasing an additional 470 shares in the last quarter. Raymond James & Associates grew its stake in Coca-Cola FEMSA by 24.6% in the 4th quarter. Raymond James & Associates now owns 32,142 shares of the company's stock worth $1,761,000 after buying an additional 6,349 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Coca-Cola FEMSA in the 4th quarter worth approximately $8,959,000. Acadian Asset Management LLC grew its stake in Coca-Cola FEMSA by 180.0% in the 4th quarter. Acadian Asset Management LLC now owns 46,183 shares of the company's stock worth $2,526,000 after buying an additional 29,689 shares in the last quarter. Finally, Renaissance Group LLC grew its stake in Coca-Cola FEMSA by 36.6% in the 4th quarter. Renaissance Group LLC now owns 17,526 shares of the company's stock worth $960,000 after buying an additional 4,692 shares in the last quarter. 1.25% of the stock is currently owned by hedge funds and other institutional investors.
About Coca-Cola FEMSA
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Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.
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