Coca-Cola FEMSA (NYSE:KOF) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

A number of other research firms also recently issued reports on KOF. Jefferies Financial Group assumed coverage on shares of Coca-Cola FEMSA in a report on Monday, December 4th. They issued a buy rating and a $100.57 price objective for the company. JPMorgan Chase & Co. raised shares of Coca-Cola FEMSA from a neutral rating to an overweight rating and boosted their price objective for the company from $89.00 to $102.00 in a report on Friday, February 2nd. Citigroup initiated coverage on shares of Coca-Cola FEMSA in a research report on Thursday, December 7th. They issued a neutral rating and a $90.00 target price for the company. Finally, UBS Group upgraded shares of Coca-Cola FEMSA from a neutral rating to a buy rating and boosted their target price for the company from $83.00 to $109.00 in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of Moderate Buy and an average target price of $99.61.

Coca-Cola FEMSA Trading Up 0.5 %

NYSE KOF opened at $97.21 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. Coca-Cola FEMSA has a 12-month low of $69.33 and a 12-month high of $104.38. The firm has a 50-day moving average price of $96.91 and a two-hundred day moving average price of $88.51.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. During the same period in the prior year, the firm earned $1.73 EPS. On average, equities analysts predict that Coca-Cola FEMSA will post 6.56 earnings per share for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of institutional investors have recently added to or reduced their stakes in KOF. Goldman Sachs Group Inc. boosted its stake in shares of Coca-Cola FEMSA by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after purchasing an additional 97,238 shares during the last quarter. BlackRock Inc. boosted its stake in Coca-Cola FEMSA by 3.2% during the first quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock worth $56,547,000 after acquiring an additional 31,937 shares in the last quarter. Bank of America Corp DE boosted its stake in Coca-Cola FEMSA by 53.2% during the first quarter. Bank of America Corp DE now owns 696,964 shares of the company’s stock worth $56,085,000 after acquiring an additional 241,948 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Coca-Cola FEMSA by 22.8% during the fourth quarter. Lazard Asset Management LLC now owns 629,310 shares of the company’s stock worth $42,717,000 after acquiring an additional 116,723 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Coca-Cola FEMSA by 48.7% during the fourth quarter. Morgan Stanley now owns 537,866 shares of the company’s stock worth $36,510,000 after acquiring an additional 176,095 shares in 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. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.