Coca-Cola FEMSA (NYSE:KOF) Price Target Cut to $108.00 by Analysts at Barclays

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) had its price target cut by stock analysts at Barclays from $110.00 to $108.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 27.45% from the company's current price.

Other equities research analysts also recently issued reports about the stock. UBS Group reduced their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and raised their target price for the company from $93.00 to $102.00 in a research report on Tuesday. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a report on Tuesday, September 3rd. Finally, StockNews.com lowered Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Monday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $103.91.

Coca-Cola FEMSA Price Performance

Shares of KOF traded up $0.28 during midday trading on Wednesday, hitting $84.74. The company's stock had a trading volume of 190,243 shares, compared to its average volume of 167,947. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a one year low of $75.42 and a one year high of $104.38. The stock has a market capitalization of $142.42 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.70 and a beta of 0.86. The company's fifty day simple moving average is $87.32 and its two-hundred day simple moving average is $89.47.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of institutional investors have recently modified their holdings of the company. Norden Group LLC bought a new position in shares of Coca-Cola FEMSA in the 1st quarter worth about $515,000. Diversify Advisory Services LLC bought a new stake in shares of Coca-Cola FEMSA in the 1st quarter valued at $714,000. BNP Paribas Financial Markets lifted its position in shares of Coca-Cola FEMSA by 3,497.7% during the 1st quarter. BNP Paribas Financial Markets now owns 31,372 shares of the company's stock valued at $3,049,000 after acquiring an additional 30,500 shares during the period. Chase Investment Counsel Corp boosted its stake in Coca-Cola FEMSA by 3.6% during the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company's stock worth $427,000 after acquiring an additional 154 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in Coca-Cola FEMSA by 150.1% in the first quarter. Csenge Advisory Group now owns 17,286 shares of the company's stock worth $1,680,000 after purchasing an additional 10,373 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.