Coca Cola FEMSA (NYSE:KOF) Coverage Initiated by Analysts at Itau BBA Securities

Stock analysts at Itau BBA Securities initiated coverage on shares of Coca Cola FEMSA (NYSE:KOF) in a note issued to investors on Monday, Zacks reports. The firm set a “hold” rating on the stock.

Several other equities research analysts also recently weighed in on KOF. Weiss Ratings downgraded Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Wall Street Zen lowered Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. HSBC cut Coca Cola FEMSA from a “buy” rating to a “hold” rating and lowered their target price for the stock from $120.00 to $116.00 in a report on Tuesday, July 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $129.00 target price on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on Coca Cola FEMSA from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $121.43.

Coca Cola FEMSA Price Performance

Shares of NYSE:KOF opened at $116.39 on Monday. Coca Cola FEMSA has a one year low of $85.38 and a one year high of $122.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 0.96. The company has a market cap of $195.62 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.58 and a beta of 0.54. The firm has a 50 day simple moving average of $112.57 and a 200 day simple moving average of $107.24.

Coca Cola FEMSA (NYSE:KOF) last posted its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. Research analysts predict that Coca Cola FEMSA will post 6.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coca Cola FEMSA

A number of hedge funds have recently modified their holdings of KOF. Stack Financial Management Inc bought a new stake in shares of Coca Cola FEMSA in the second quarter worth $26,079,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Coca Cola FEMSA in the second quarter valued at $12,512,000. Everett Harris & Co. CA acquired a new stake in Coca Cola FEMSA in the second quarter valued at $7,619,000. BIP Wealth LLC bought a new position in Coca Cola FEMSA during the 2nd quarter worth $6,129,000. Finally, Summit Global Investments bought a new position in Coca Cola FEMSA during the 2nd quarter worth $4,921,000.

About Coca Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.