Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Buy” by Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $104.00.

Several research analysts have recently weighed in on KOF shares. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Corvex Management LP boosted its position in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after acquiring an additional 619,931 shares during the period. JPMorgan Chase & Co. boosted its holdings in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after purchasing an additional 378,325 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after purchasing an additional 304,197 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Coca-Cola FEMSA by 14.7% during the 4th 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 in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Coca-Cola FEMSA by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock worth $13,007,000 after purchasing an additional 88,873 shares during the period.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $93.01 on Friday. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28. The firm’s 50-day simple moving average is $86.00 and its two-hundred day simple moving average is $83.40. The firm has a market cap of $156.32 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.62 and a beta of 0.79. 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 posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. As a group, equities analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

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.