Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $93.50.
A number of equities analysts have commented on KOF shares. StockNews.com began coverage on shares of Coca-Cola FEMSA in a research report on Wednesday, October 12th. They set a "strong-buy" rating for the company. UBS Group lowered shares of Coca-Cola FEMSA from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $76.00 to $80.00 in a report on Thursday, January 19th. Bank of America upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and raised their price target for the company from $137.00 to $157.00 in a report on Monday. Finally, Barclays raised their price target on shares of Coca-Cola FEMSA from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Monday, December 19th.
Get
Coca-Cola FEMSA alerts:
Institutional Trading of Coca-Cola FEMSA
Institutional investors and hedge funds have recently modified their holdings of the company. Cullen Capital Management LLC lifted its stake in shares of Coca-Cola FEMSA by 116.4% during the third quarter. Cullen Capital Management LLC now owns 496,195 shares of the company's stock valued at $28,973,000 after acquiring an additional 266,947 shares during the period. BlackRock Inc. grew its stake in Coca-Cola FEMSA by 20.8% in the third quarter. BlackRock Inc. now owns 855,672 shares of the company's stock valued at $49,964,000 after purchasing an additional 147,104 shares in the last quarter. Lazard Asset Management LLC grew its stake in Coca-Cola FEMSA by 48.7% in the second quarter. Lazard Asset Management LLC now owns 408,621 shares of the company's stock valued at $22,588,000 after purchasing an additional 133,805 shares in the last quarter. Deutsche Bank AG bought a new position in Coca-Cola FEMSA in the second quarter valued at approximately $7,308,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Coca-Cola FEMSA by 21.6% in the second quarter. Goldman Sachs Group Inc. now owns 710,338 shares of the company's stock valued at $39,268,000 after buying an additional 126,365 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.
Coca-Cola FEMSA Stock Performance
NYSE:KOF opened at $74.98 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $68.81 and its 200-day moving average price is $63.63. Coca-Cola FEMSA has a twelve month low of $50.21 and a twelve month high of $77.01. The company has a market cap of $126.02 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.62 and a beta of 0.78.
Coca-Cola FEMSA (NYSE:KOF – Get Rating) last announced its quarterly earnings data on Monday, October 24th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The firm had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $2.79 billion. Coca-Cola FEMSA had a net margin of 8.09% and a return on equity of 14.07%. On average, sell-side analysts forecast that Coca-Cola FEMSA will post 4.07 earnings per share for the current fiscal year.
Coca-Cola FEMSA Company Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Coca-Cola FEMSA (KOF)
- Two Dividend Kings: Johnson & Johnson or Abbott Laboratories?
- Is The Bottom In For Cyber-Security Stocks?
- Union Pacific, Norfolk Southern Pull into Buying Zone
- Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
- How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.
