Coca-Cola FEMSA (NYSE:KOF) Upgraded at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a research report released on Tuesday.

Separately, Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Stock Up 0.4 %

Shares of Coca-Cola FEMSA stock opened at $91.32 on Tuesday. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $102.28. The company has a market capitalization of $153.47 billion, a PE ratio of 15.50, a P/E/G ratio of 0.62 and a beta of 0.79. 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 business has a 50-day moving average of $83.83 and a 200-day moving average of $83.07.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, equities analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Coca-Cola FEMSA by 90.5% during the 3rd 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. Sanctuary Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after purchasing an additional 2,902 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coca-Cola FEMSA by 570.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after purchasing an additional 4,214 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after buying an additional 157,530 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Coca-Cola FEMSA by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock valued at $428,000 after buying an additional 1,464 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.