Zacks Investment Research upgraded shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) from a hold rating to a strong-buy rating in a research note published on Friday. Zacks Investment Research currently has $101.00 price objective on the stock.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Several other equities analysts have also issued reports on the stock. Citigroup Inc. lowered shares of Coca Cola Femsa S.A.B. de C.V. from a buy rating to a neutral rating in a report on Tuesday, June 13th. Scotiabank upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a sector perform rating to an outperform rating in a report on Wednesday, July 5th. Barclays PLC set a $84.00 price objective on shares of Coca Cola Femsa S.A.B. de C.V. and gave the company an equal weight rating in a report on Monday, May 1st. J P Morgan Chase & Co upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a neutral rating to an overweight rating in a report on Friday, May 12th. Finally, TheStreet upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a c rating to a b- rating in a report on Friday, April 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $99.00.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) traded up 0.99% during mid-day trading on Friday, reaching $90.10. The company had a trading volume of 52,649 shares. The stock has a 50 day moving average of $81.70 and a 200-day moving average of $70.95. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 24.91 and a beta of 0.96. Coca Cola Femsa S.A.B. de C.V. has a one year low of $59.44 and a one year high of $90.44.

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Several large investors have recently bought and sold shares of KOF. BNP Paribas Arbitrage SA increased its stake in Coca Cola Femsa S.A.B. de C.V. by 153.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,520 shares of the company’s stock valued at $109,000 after buying an additional 920 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Coca Cola Femsa S.A.B. de C.V. during the fourth quarter valued at approximately $202,000. Comerica Bank acquired a new stake in Coca Cola Femsa S.A.B. de C.V. during the first quarter valued at approximately $208,000. Neuberger Berman Group LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. during the first quarter valued at approximately $215,000. Finally, World Asset Management Inc acquired a new stake in Coca Cola Femsa S.A.B. de C.V. during the first quarter valued at approximately $222,000. 6.99% of the stock is owned by institutional investors.

Coca Cola Femsa S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

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Analyst Recommendations for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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