Coca-Cola FEMSA (NYSE:KOF – Get Rating) had its price target lifted by JPMorgan Chase & Co. from $69.00 to $77.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.
Several other equities analysts have also recently issued reports on the company. Bank of America raised Coca-Cola FEMSA from a neutral rating to a buy rating and boosted their price objective for the company from $137.00 to $157.00 in a report on Monday. UBS Group cut Coca-Cola FEMSA from a buy rating to a neutral rating and boosted their price objective for the company from $76.00 to $80.00 in a report on Thursday, January 19th. Barclays boosted their price objective on Coca-Cola FEMSA from $72.00 to $77.00 and gave the company an overweight rating in a report on Monday, December 19th. Finally, StockNews.com started coverage on Coca-Cola FEMSA in a report on Wednesday, October 12th. They issued a strong-buy rating for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $90.20.
Get Coca-Cola FEMSA alerts:Coca-Cola FEMSA Stock Performance
Shares of KOF stock opened at $75.90 on Thursday. The stock has a market cap of $126.02 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.27 and a beta of 0.78. The business has a 50-day simple moving average of $68.96 and a 200-day simple moving average of $63.71. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.52. Coca-Cola FEMSA has a 52-week low of $50.21 and a 52-week high of $77.01.
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 during the quarter, compared to analysts' expectations of $2.79 billion. Coca-Cola FEMSA had a return on equity of 14.07% and a net margin of 8.09%. On average, equities analysts expect that Coca-Cola FEMSA will post 4.07 EPS for the current year.Hedge Funds Weigh In On Coca-Cola FEMSA
Large investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Coca-Cola FEMSA by 57.0% in the 3rd quarter. IFP Advisors Inc now owns 424 shares of the company's stock worth $38,000 after purchasing an additional 154 shares during the period. Charter Oak Capital Management LLC purchased a new stake in Coca-Cola FEMSA during the 2nd quarter worth approximately $25,000. Ronald Blue Trust Inc. increased its stake in Coca-Cola FEMSA by 415.8% during the 4th quarter. Ronald Blue Trust Inc. now owns 784 shares of the company's stock worth $46,000 after buying an additional 632 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Coca-Cola FEMSA during the 3rd quarter worth approximately $3,710,000. Finally, Quadrant Capital Group LLC increased its stake in Coca-Cola FEMSA by 57.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,262 shares of the company's stock worth $70,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.
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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