Coca-Cola FEMSA (NYSE:KOF) Stock Price Expected to Rise, Barclays Analyst Says

Coca-Cola FEMSA (NYSE:KOF) had its target price hoisted by Barclays from $99.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Trading Up 0.0 %

KOF opened at $87.30 on Tuesday. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $102.28. The stock has a market capitalization of $146.71 billion, a PE ratio of 14.82, a P/E/G ratio of 0.62 and a beta of 0.83. The business’s 50 day moving average price is $80.11 and its 200 day moving average price is $82.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. As a group, equities research analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after purchasing an additional 157,530 shares during the period. Corvex Management LP increased its position in shares of Coca-Cola FEMSA by 138.9% during the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after acquiring an additional 619,931 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Coca-Cola FEMSA by 59.8% during the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the period. JPMorgan Chase & Co. increased its position in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Coca-Cola FEMSA by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock worth $25,156,000 after acquiring an additional 9,037 shares during the period.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.