Coca-Cola FEMSA (NYSE:KOF) Given New $105.00 Price Target at Barclays

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) had its price objective raised by investment analysts at Barclays from $99.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 21.61% from the stock's current price.

Separately, StockNews.com raised shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock traded down $1.15 on Tuesday, hitting $86.34. The stock had a trading volume of 99,066 shares, compared to its average volume of 200,956. The stock has a market cap of $145.11 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.62 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. The company's 50 day moving average price is $80.28 and its 200 day moving average price is $82.91.

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Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.22. The company had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, research analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA in the 4th quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Coca-Cola FEMSA in the 3rd quarter worth $31,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after acquiring an additional 375 shares in the last quarter. Banque de Luxembourg S.A. acquired a new position in shares of Coca-Cola FEMSA during the fourth quarter worth about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca-Cola FEMSA during the fourth quarter worth about $43,000.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.