Barclays Issues Positive Forecast for Coca Cola Femsa (NYSE:KOF) Stock Price

Coca Cola Femsa (NYSE:KOF) had its target price increased by research analysts at Barclays from $110.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 6.71% from the stock’s previous close.

A number of other research analysts have also recently commented on KOF. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a report on Wednesday, February 11th. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Wednesday, January 28th. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Coca Cola Femsa has an average rating of “Moderate Buy” and a consensus price target of $111.60.

Coca Cola Femsa Stock Performance

Shares of KOF traded down $4.96 during midday trading on Tuesday, hitting $104.96. The stock had a trading volume of 94,561 shares, compared to its average volume of 219,924. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $104.02 and its 200 day moving average is $92.65.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.42 billion. 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 275 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after purchasing an additional 153 shares during the period. MAI Capital Management raised its holdings in shares of Coca Cola Femsa by 103.6% in the second quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after buying an additional 201 shares during the last quarter. Huntington National Bank acquired a new stake in shares of Coca Cola Femsa during the third quarter worth about $37,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after buying an additional 422 shares during the last quarter.

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.