Coca-Cola FEMSA (NYSE:KOF) Lifted to “Strong-Buy” at StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Citigroup started coverage on Coca-Cola FEMSA in a research report on Thursday, December 7th. They set a “neutral” rating and a $90.00 price target for the company. UBS Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $83.00 to $109.00 in a research report on Friday, January 12th. JPMorgan Chase & Co. raised Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $89.00 to $102.00 in a research report on Friday, February 2nd. Finally, Jefferies Financial Group assumed coverage on Coca-Cola FEMSA in a research report on Monday, December 4th. They issued a “buy” rating and a $100.57 target price for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.61.

Coca-Cola FEMSA Price Performance

KOF traded up $1.08 during trading on Tuesday, reaching $96.15. 104,266 shares of the stock were exchanged, compared to its average volume of 169,218. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38. The business’s 50 day moving average price is $96.67 and its two-hundred day moving average price is $88.39. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.49.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. On average, sell-side analysts anticipate that Coca-Cola FEMSA will post 6.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KOF. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $29,000. Hartford Financial Management Inc. increased its position in Coca-Cola FEMSA by 40.1% in the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the period. First Capital Advisors Group LLC. acquired a new stake in Coca-Cola FEMSA in the 2nd quarter valued at approximately $51,000. Parallel Advisors LLC boosted its stake in Coca-Cola FEMSA by 74.9% during the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after purchasing an additional 248 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Coca-Cola FEMSA by 48.7% during the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares in the last quarter.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.