Coca-Cola FEMSA (NYSE:KOF) Given New $102.00 Price Target at UBS Group

Coca-Cola FEMSA (NYSE:KOFGet Free Report) had its target price reduced by investment analysts at UBS Group from $112.00 to $102.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 21.24% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upped their price target on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of “Moderate Buy” and a consensus price target of $98.45.

Read Our Latest Analysis on Coca-Cola FEMSA

Coca-Cola FEMSA Stock Up 1.2 %

Shares of Coca-Cola FEMSA stock traded up $0.98 during trading on Wednesday, reaching $84.13. The company’s stock had a trading volume of 21,252 shares, compared to its average volume of 158,497. The stock has a 50-day moving average price of $91.17 and a two-hundred day moving average price of $94.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $104.38.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. Analysts expect that Coca-Cola FEMSA will post 6.65 EPS for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in Coca-Cola FEMSA by 49.9% in the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after purchasing an additional 284 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in shares of Coca-Cola FEMSA during the first quarter worth about $680,000. Cetera Advisors LLC grew its holdings in shares of Coca-Cola FEMSA by 61.9% during the first quarter. Cetera Advisors LLC now owns 5,196 shares of the company’s stock worth $505,000 after buying an additional 1,987 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Coca-Cola FEMSA in the 1st quarter valued at approximately $3,346,000. Finally, Quadrature Capital Ltd acquired a new position in Coca-Cola FEMSA during the 1st quarter worth approximately $4,217,000.

About Coca-Cola FEMSA

(Get Free Report)

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.

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Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

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