Coca-Cola FEMSA (NYSE:KOF) Stock Price Up 3.4% - Time to Buy?

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) traded up 3.4% on Thursday . The company traded as high as $98.87 and last traded at $98.29. 152,045 shares were traded during trading, a decline of 12% from the average session volume of 172,269 shares. The stock had previously closed at $95.06.

Wall Street Analyst Weigh In

KOF has been the topic of several recent analyst reports. Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 2nd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA currently has an average rating of "Buy" and an average target price of $104.00.

Coca-Cola FEMSA Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The business's fifty day simple moving average is $86.67 and its 200 day simple moving average is $83.32. The stock has a market cap of $150.39 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate 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, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

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Hedge Funds Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Coca-Cola FEMSA by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after purchasing an additional 5,279 shares during the last quarter. Vise Technologies Inc. increased its position in Coca-Cola FEMSA by 260.3% in the fourth quarter. Vise Technologies Inc. now owns 16,406 shares of the company's stock worth $1,278,000 after buying an additional 11,853 shares during the period. Vident Advisory LLC lifted its stake in Coca-Cola FEMSA by 37.1% in the fourth quarter. Vident Advisory LLC now owns 9,322 shares of the company's stock valued at $726,000 after buying an additional 2,523 shares during the last quarter. Wexford Capital LP boosted its holdings in shares of Coca-Cola FEMSA by 11.1% during the fourth quarter. Wexford Capital LP now owns 136,618 shares of the company's stock valued at $10,641,000 after acquiring an additional 13,688 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Coca-Cola FEMSA by 15.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,641 shares of the company's stock worth $284,000 after acquiring an additional 486 shares during the last quarter.

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.