StockNews.com lowered shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a strong-buy rating to a buy rating in a research report report published on Wednesday.
Separately, Barclays lifted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $104.00.
Read Our Latest Stock Report on KOF
Coca-Cola FEMSA Stock Performance
Shares of KOF traded down $3.87 on Wednesday, reaching $93.01. 177,966 shares of the company's stock traded hands, compared to its average volume of 172,949. The stock has a market cap of $156.32 billion, a PE ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock's 50 day simple moving average is $85.67 and its two-hundred day simple moving average is $83.37.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released 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. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. On average, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Coca-Cola FEMSA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Coca-Cola FEMSA during the 4th quarter valued at about $43,000. Finally, Parvin Asset Management LLC purchased a new position in Coca-Cola FEMSA during the 4th quarter worth approximately $56,000.
About Coca-Cola FEMSA
(
Get Free Report)
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.
Featured Articles
Before you consider Coca-Cola FEMSA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola FEMSA wasn't on the list.
While Coca-Cola FEMSA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
