StockNews.com lowered shares of Coca-Cola FEMSA (NYSE:KOF – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.
Separately, Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $104.00.
Get Our Latest Stock Report on KOF
Coca-Cola FEMSA Stock Performance
Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $1.73 earnings per share 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 the consensus estimate of $3.49 billion. As a group, research analysts expect that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Coca-Cola FEMSA
A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Vise Technologies Inc. boosted its stake in shares of Coca-Cola FEMSA by 260.3% during the fourth quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock valued at $1,278,000 after purchasing an additional 11,853 shares in the last quarter. Vident Advisory LLC raised its holdings in Coca-Cola FEMSA by 37.1% in the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock valued at $726,000 after buying an additional 2,523 shares during the last quarter. Wexford Capital LP boosted its position in Coca-Cola FEMSA by 11.1% during the 4th quarter. Wexford Capital LP now owns 136,618 shares of the company’s stock worth $10,641,000 after buying an additional 13,688 shares during the period. Quantinno Capital Management LP grew its holdings in Coca-Cola FEMSA by 15.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,641 shares of the company’s stock worth $284,000 after acquiring an additional 486 shares during the last quarter. Finally, Millennium Management LLC increased its position in Coca-Cola FEMSA by 2.0% in the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock valued at $7,294,000 after acquiring an additional 1,860 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.
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