Coca Cola Femsa (NYSE:KOF) Price Target Raised to $112.00

Coca Cola Femsa (NYSE:KOF) had its target price raised by Barclays from $110.00 to $112.00 in a research note issued to investors on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms also recently issued reports on KOF. UBS Group boosted their price objective on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a report on Monday. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.60.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $105.62 on Tuesday. The business has a 50-day moving average of $104.69 and a two-hundred day moving average of $92.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.04). The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.42 billion. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. On average, analysts anticipate that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca Cola Femsa

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners boosted its holdings in Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after purchasing an additional 1,644,614 shares during the last quarter. Bank of America Corp DE raised its position in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Coca Cola Femsa in the 3rd quarter valued at approximately $12,584,000. Lakewood Capital Management LP purchased a new position in shares of Coca Cola Femsa during the 3rd quarter valued at approximately $10,953,000. Finally, Deutsche Bank AG grew its position in shares of Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after buying an additional 115,973 shares in the last quarter.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.