JPMorgan Chase & Co. Issues Positive Forecast for Coca-Cola FEMSA (NYSE:KOF) Stock Price

Coca-Cola FEMSA (NYSE:KOF) had its price target hoisted by analysts at JPMorgan Chase & Co. from $107.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.67% from the company’s current price.

Other analysts have also issued research reports about the company. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Friday. Barclays lifted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $93.48 on Friday. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The firm’s 50-day moving average is $87.97 and its 200 day moving average is $83.47. The stock has a market cap of $157.12 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Sell-side analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 378,325 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after buying an additional 2,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in 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 valued at $386,000 after buying an additional 4,214 shares during the period. Robeco Institutional Asset Management B.V. grew its position in 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 buying an additional 157,530 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Coca-Cola FEMSA by 46.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock valued at $8,011,000 after buying an additional 32,674 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.