Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $111.60.

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Barclays raised their price target on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Wednesday, January 28th. Finally, Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a research note on Wednesday, February 11th.

Coca Cola Femsa Stock Down 2.4%

Coca Cola Femsa stock opened at $97.02 on Friday. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36. The firm has a 50 day moving average of $105.44 and a 200 day moving average of $93.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. On average, analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners boosted its position in shares of Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Bank of America Corp DE lifted its stake in Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at about $12,584,000. Lakewood Capital Management LP bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at about $10,953,000. Finally, Deutsche Bank AG grew its position in shares of Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after purchasing an additional 115,973 shares in 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.