Bank of America upgraded shares of Coca-Cola FEMSA (NYSE:KOF – Get Rating) from a neutral rating to a buy rating in a report issued on Monday morning, MarketBeat reports. The brokerage currently has $157.00 price target on the stock, up from their previous price target of $137.00.
A number of other equities research analysts also recently commented on KOF. UBS Group downgraded shares of Coca-Cola FEMSA from a buy rating to a neutral rating and lifted their price target for the stock from $76.00 to $80.00 in a report on Thursday, January 19th. Barclays increased their price target on Coca-Cola FEMSA from $72.00 to $77.00 and gave the stock an overweight rating in a research note on Monday, December 19th. Finally, StockNews.com initiated coverage on Coca-Cola FEMSA in a research report on Wednesday, October 12th. They issued a strong-buy rating for the company. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of Moderate Buy and an average price target of $90.20.
Get Coca-Cola FEMSA alerts:Coca-Cola FEMSA Trading Up 1.2 %
Shares of Coca-Cola FEMSA stock opened at $75.90 on Monday. Coca-Cola FEMSA has a 1 year low of $50.21 and a 1 year high of $77.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.24 and a quick ratio of 1.03. The business has a 50 day moving average price of $68.96 and a 200 day moving average price of $63.71. The company has a market capitalization of $127.56 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.27 and a beta of 0.78.
Coca-Cola FEMSA (NYSE:KOF – Get Rating) last issued its quarterly earnings data on Monday, October 24th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.79 billion. Coca-Cola FEMSA had a return on equity of 14.07% and a net margin of 8.09%. Sell-side analysts anticipate that Coca-Cola FEMSA will post 4.07 EPS for the current fiscal year.Institutional Investors Weigh In On Coca-Cola FEMSA
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in shares of Coca-Cola FEMSA by 57.0% during the third quarter. IFP Advisors Inc now owns 424 shares of the company's stock worth $38,000 after purchasing an additional 154 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Coca-Cola FEMSA by 2.7% during the third quarter. D.A. Davidson & CO. now owns 9,674 shares of the company's stock valued at $561,000 after purchasing an additional 250 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Coca-Cola FEMSA by 16.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company's stock valued at $106,000 after purchasing an additional 257 shares during the period. Cetera Investment Advisers boosted its stake in shares of Coca-Cola FEMSA by 6.9% in the first quarter. Cetera Investment Advisers now owns 4,336 shares of the company's stock valued at $238,000 after purchasing an additional 280 shares during the period. Finally, AMG National Trust Bank grew its holdings in Coca-Cola FEMSA by 1.3% during the 3rd quarter. AMG National Trust Bank now owns 29,464 shares of the company's stock valued at $1,721,000 after purchasing an additional 364 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola FEMSA Company Profile
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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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