Coca-Cola FEMSA (NYSE:KOF) PT Lowered to $105.00

Coca-Cola FEMSA (NYSE:KOF) had its price objective decreased by equities researchers at Barclays from $115.00 to $105.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 19.29% from the stock’s previous close.

Several other brokerages have also recently weighed in on KOF. JPMorgan Chase & Co. upped their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. UBS Group lowered their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. Finally, StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.55.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $88.02 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The business’s 50 day moving average price is $90.04 and its 200-day moving average price is $93.79. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.67 billion. Coca-Cola FEMSA had a return on equity of 15.96% and a net margin of 8.15%. On average, analysts forecast that Coca-Cola FEMSA will post 6.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Capital Advisors Wealth Management LLC increased its holdings in shares of Coca-Cola FEMSA by 65.5% in the second quarter. Capital Advisors Wealth Management LLC now owns 8,566 shares of the company’s stock valued at $735,000 after purchasing an additional 3,390 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Coca-Cola FEMSA by 19.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,204 shares of the company’s stock worth $275,000 after acquiring an additional 524 shares during the period. Alhambra Investment Management LLC grew its holdings in Coca-Cola FEMSA by 19.5% during the second quarter. Alhambra Investment Management LLC now owns 6,032 shares of the company’s stock worth $518,000 after acquiring an additional 983 shares during the period. SG Americas Securities LLC acquired a new stake in Coca-Cola FEMSA during the second quarter worth about $168,000. Finally, CWM LLC grew its holdings in Coca-Cola FEMSA by 49.9% during the second quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after acquiring an additional 284 shares during the period.

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.