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

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given a consensus rating of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $104.00.

A number of analysts have commented on the stock. StockNews.com downgraded shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barclays boosted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $93.01 on Friday. The business has a 50-day simple moving average of $86.00 and a 200 day simple moving average of $83.40. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $156.32 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS 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 the consensus estimate of $3.49 billion. On average, research analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors and hedge funds have recently made changes to their positions in KOF. Corvex Management LP grew its position in Coca-Cola FEMSA by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after purchasing an additional 619,931 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after acquiring an additional 304,197 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Coca-Cola FEMSA by 14.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Coca-Cola FEMSA by 113.8% during the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock worth $13,007,000 after acquiring an additional 88,873 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 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.