JPMorgan Chase & Co. Issues Positive Forecast for Coca-Cola FEMSA (NYSE:KOF) Stock Price

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) had its price objective increased by JPMorgan Chase & Co. from $107.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 16.06% from the stock's current price.

A number of other brokerages have also recently commented on KOF. StockNews.com cut shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Friday. Barclays upped their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Price Performance

NYSE:KOF traded up $0.36 on Friday, reaching $94.78. 163,038 shares of the company's stock traded hands, compared to its average volume of 176,589. The stock has a 50-day simple moving average of $88.30 and a 200-day simple moving average of $83.44. The firm has a market cap of $159.29 billion, a PE ratio of 16.09, a P/E/G ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $102.28. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Remove Ads

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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities research analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Coca-Cola FEMSA by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company's stock valued at $428,000 after buying an additional 1,464 shares during the period. National Bank of Canada FI boosted its position in Coca-Cola FEMSA by 54,847.8% in the 3rd quarter. National Bank of Canada FI now owns 25,276 shares of the company's stock worth $2,242,000 after purchasing an additional 25,230 shares in the last quarter. XTX Topco Ltd acquired a new stake in Coca-Cola FEMSA during the third quarter valued at $361,000. Public Employees Retirement System of Ohio purchased a new stake in Coca-Cola FEMSA in the 3rd quarter worth $2,096,000. Finally, M&T Bank Corp lifted its holdings in Coca-Cola FEMSA by 18.3% during the third quarter. M&T Bank Corp now owns 5,055 shares of the company's stock valued at $448,000 after purchasing an additional 783 shares in 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.