Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $91.00.

A number of brokerages have commented on KOF. Zacks Investment Research raised Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Friday, October 5th. UBS Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, October 2nd. ValuEngine downgraded Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $66.00 to $73.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. Finally, Barclays set a $72.00 target price on Coca-Cola FEMSA and gave the stock a “buy” rating in a research note on Saturday, July 28th.

Several hedge funds and other institutional investors have recently made changes to their positions in KOF. Manning & Napier Group LLC lifted its stake in Coca-Cola FEMSA by 3.6% in the second quarter. Manning & Napier Group LLC now owns 27,745 shares of the company’s stock valued at $1,565,000 after purchasing an additional 966 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Coca-Cola FEMSA by 126.6% in the second quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock valued at $133,000 after purchasing an additional 1,313 shares during the last quarter. Royal Bank of Canada lifted its stake in Coca-Cola FEMSA by 1.7% in the first quarter. Royal Bank of Canada now owns 82,024 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,371 shares during the last quarter. UBS Group AG lifted its stake in Coca-Cola FEMSA by 9.5% in the first quarter. UBS Group AG now owns 27,747 shares of the company’s stock valued at $1,844,000 after purchasing an additional 2,401 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in Coca-Cola FEMSA by 0.6% in the second quarter. Burgundy Asset Management Ltd. now owns 563,458 shares of the company’s stock valued at $31,796,000 after purchasing an additional 3,587 shares during the last quarter. Hedge funds and other institutional investors own 6.75% of the company’s stock.

KOF traded up $1.15 during midday trading on Wednesday, reaching $62.03. 7,222 shares of the company were exchanged, compared to its average volume of 98,826. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.15. The firm has a market capitalization of $12.87 billion, a P/E ratio of 18.69 and a beta of 0.96. Coca-Cola FEMSA has a one year low of $54.53 and a one year high of $79.42.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, July 27th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.59 billion. Coca-Cola FEMSA had a positive return on equity of 9.33% and a negative net margin of 7.51%. On average, equities analysts forecast that Coca-Cola FEMSA will post 3.11 earnings per share for the current year.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

See Also: Earnings Per Share

Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

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