Coca-Cola FEMSA (NYSE:KOF) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Separately, Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock traded up $1.22 during trading hours on Tuesday, hitting $92.43. 222,630 shares of the company's stock traded hands, compared to its average volume of 172,686. The stock has a market capitalization of $155.34 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. 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 company has a fifty day simple moving average of $84.16 and a 200-day simple moving average of $83.12.

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

Institutional Trading of Coca-Cola FEMSA

A number of institutional investors have recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. raised its holdings in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after acquiring an additional 157,530 shares during the period. Corvex Management LP grew its position in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after purchasing an additional 619,931 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company's stock valued at $68,297,000 after purchasing an additional 304,197 shares during the period. JPMorgan Chase & Co. lifted its holdings in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Coca-Cola FEMSA by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock worth $25,156,000 after purchasing an additional 9,037 shares during the period.

Coca-Cola FEMSA Company Profile

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.