Coca Cola Femsa (NYSE:KOF) Stock Rating Upgraded by Wall Street Zen

Coca Cola Femsa (NYSE:KOF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on the stock. 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. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. The Goldman Sachs Group raised their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.20.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $112.84 on Friday. The stock has a 50-day simple moving average of $100.00 and a 200 day simple moving average of $90.56. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Hedge Funds Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its position in shares of Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Coca Cola Femsa by 211.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after buying an additional 3,351 shares during the period. CWM LLC lifted its position in Coca Cola Femsa by 19.7% in the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after buying an additional 119 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at $417,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at $5,539,000.

Coca Cola Femsa Company Profile

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.