Coca-Cola FEMSA (NYSE:KOF) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

KOF has been the subject of several other research reports. Jefferies Financial Group started coverage on shares of Coca-Cola FEMSA in a research report on Monday, December 4th. They set a buy rating and a $100.57 price target for the company. Citigroup started coverage on shares of Coca-Cola FEMSA in a report on Thursday, December 7th. They issued a neutral rating and a $90.00 target price for the company. JPMorgan Chase & Co. raised shares of Coca-Cola FEMSA from a neutral rating to an overweight rating and increased their target price for the stock from $89.00 to $102.00 in a report on Friday, February 2nd. Finally, UBS Group raised shares of Coca-Cola FEMSA from a neutral rating to a buy rating and increased their target price for the stock from $83.00 to $109.00 in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $99.61.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF opened at $97.21 on Tuesday. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The business has a 50-day simple moving average of $96.91 and a two-hundred day simple moving average of $88.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm posted $1.73 EPS. Equities research analysts forecast that Coca-Cola FEMSA will post 6.56 EPS for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clearbridge Investments LLC increased its stake in Coca-Cola FEMSA by 0.8% in the third quarter. Clearbridge Investments LLC now owns 96,111 shares of the company’s stock worth $7,539,000 after purchasing an additional 734 shares during the period. Sei Investments Co. increased its stake in Coca-Cola FEMSA by 17.3% in the third quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after purchasing an additional 24,017 shares during the period. Dfpg Investments LLC increased its stake in Coca-Cola FEMSA by 11.2% in the fourth quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock worth $616,000 after purchasing an additional 678 shares during the period. Portside Wealth Group LLC purchased a new position in shares of Coca-Cola FEMSA during the second quarter valued at $2,059,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Coca-Cola FEMSA by 8.9% in the third quarter. Janney Montgomery Scott LLC now owns 6,812 shares of the company’s stock valued at $534,000 after acquiring an additional 559 shares in the last quarter.

Coca-Cola FEMSA Company Profile

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, alcoholic beverages, and plant-based drinks.