Coca Cola FEMSA (NYSE:KOF) Given New $125.00 Price Target at Barclays

Coca Cola FEMSA (NYSE:KOF) had its price target boosted by Barclays from $122.00 to $125.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.59% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their target price on Coca Cola FEMSA from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings cut Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Wall Street Zen cut Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $129.00 price objective on shares of Coca Cola FEMSA in a research report on Wednesday, October 28th. Finally, HSBC lowered Coca Cola FEMSA from a “buy” rating to a “hold” rating and dropped their price target for the company from $120.00 to $116.00 in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.43.

Coca Cola FEMSA Stock Performance

NYSE:KOF opened at $117.27 on Tuesday. Coca Cola FEMSA has a fifty-two week low of $85.35 and a fifty-two week high of $122.14. The firm’s 50 day moving average is $112.55 and its two-hundred day moving average is $107.09. The company has a market cap of $197.09 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.56 and a beta of 0.54. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

Coca Cola FEMSA (NYSE:KOF) last issued its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.17). Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Analysts expect that Coca Cola FEMSA will post 6.98 EPS for the current year.

Hedge Funds Weigh In On Coca Cola FEMSA

Several large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC lifted its holdings in shares of Coca Cola FEMSA by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after buying an additional 388 shares during the last quarter. KBC Group NV acquired a new stake in shares of Coca Cola FEMSA in the first quarter worth $69,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Coca Cola FEMSA during the third quarter worth $85,000. Community Financial Services Group LLC bought a new position in Coca Cola FEMSA during the second quarter worth $92,000. Finally, EverSource Wealth Advisors LLC raised its stake in Coca Cola FEMSA by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after purchasing an additional 101 shares during the last quarter.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.