Coca-Cola FEMSA (NYSE:KOF) PT Raised to $87.00 at JPMorgan Chase & Co.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) had its price target hoisted by JPMorgan Chase & Co. from $80.00 to $87.00 in a report released on Friday, The Fly reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 2.06% from the stock’s previous close.

A number of other research analysts also recently commented on the company. StockNews.com initiated coverage on Coca-Cola FEMSA in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. Barclays boosted their price target on Coca-Cola FEMSA from $77.00 to $91.00 in a research note on Tuesday, April 18th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $85.24 on Friday. The firm has a 50-day moving average of $83.68 and a 200-day moving average of $75.03. Coca-Cola FEMSA has a 52-week low of $51.96 and a 52-week high of $91.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.63. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Coca-Cola FEMSA had a net margin of 8.60% and a return on equity of 15.88%. As a group, equities analysts forecast that Coca-Cola FEMSA will post 5.05 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently added to or reduced their stakes in KOF. IFP Advisors Inc boosted its holdings in shares of Coca-Cola FEMSA by 57.0% during the 3rd quarter. IFP Advisors Inc now owns 424 shares of the company’s stock worth $38,000 after buying an additional 154 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $39,000. Signaturefd LLC raised its position in shares of Coca-Cola FEMSA by 37.7% during the fourth quarter. Signaturefd LLC now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 161 shares during the period. Ronald Blue Trust Inc. raised its position in shares of Coca-Cola FEMSA by 415.8% during the fourth quarter. Ronald Blue Trust Inc. now owns 784 shares of the company’s stock worth $46,000 after purchasing an additional 632 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Coca-Cola FEMSA during the first quarter worth approximately $52,000. 1.27% of the stock is currently owned by institutional investors.

Coca-Cola FEMSA Company Profile

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Coca-Cola FEMSA SAB de CV engages in the business of producing franchise bottles of trademark beverages. It operates under the Mexico and Central America, and South America segments. The Mexico and Central America segment includes Mexico, Guatemala, Nicaragua, Costa Rica, and Panama. The South America segment focuses on Colombia, Brazil, Argentina, and Uruguay.