Coca-Cola FEMSA (NYSE:KOF) Price Target Raised to $105.00

Coca-Cola FEMSA (NYSE:KOF) had its target price increased by Barclays from $99.00 to $105.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

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

Coca-Cola FEMSA Price Performance

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

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.49 billion. Sell-side analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. boosted its holdings in shares of Coca-Cola FEMSA by 260.3% during the 4th quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock worth $1,278,000 after purchasing an additional 11,853 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Coca-Cola FEMSA by 37.1% during the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock worth $726,000 after purchasing an additional 2,523 shares during the last quarter. Wexford Capital LP boosted its holdings in shares of 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 purchasing an additional 13,688 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of 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 purchasing an additional 486 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Coca-Cola FEMSA by 2.0% during the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock worth $7,294,000 after purchasing an additional 1,860 shares during the last quarter.

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.