Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $111.60.

KOF has been the topic of several research reports. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. JPMorgan Chase & Co. cut shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, January 28th. The Goldman Sachs Group boosted their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a report on Wednesday, February 11th.

Institutional Investors Weigh In On Coca Cola Femsa

A number of hedge funds have recently modified their holdings of KOF. Invesco Ltd. raised its holdings in Coca Cola Femsa by 3.6% in the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after purchasing an additional 10,713 shares during the period. Summit Global Investments bought a new stake in Coca Cola Femsa during the fourth quarter valued at about $1,701,000. Vident Advisory LLC grew its holdings in Coca Cola Femsa by 2.4% during the fourth quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock valued at $615,000 after purchasing an additional 152 shares during the period. NewEdge Advisors LLC increased its position in Coca Cola Femsa by 2,987.3% in the fourth quarter. NewEdge Advisors LLC now owns 2,192 shares of the company’s stock worth $208,000 after buying an additional 2,121 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in Coca Cola Femsa by 1.8% in the fourth quarter. Voloridge Investment Management LLC now owns 81,644 shares of the company’s stock worth $7,733,000 after buying an additional 1,469 shares in the last quarter.

Coca Cola Femsa Stock Down 2.4%

NYSE KOF opened at $97.02 on Friday. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. The business’s fifty day moving average price is $105.44 and its 200-day moving average price is $93.69.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. As a group, research analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current year.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.