Coca-Cola FEMSA (NYSE:KOF) Sets New 52-Week High After Analyst Upgrade

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFGet Rating) shares hit a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $62.00 to $65.00. Barclays currently has an overweight rating on the stock. Coca-Cola FEMSA traded as high as $60.92 and last traded at $60.87, with a volume of 39878 shares trading hands. The stock had previously closed at $57.89.

KOF has been the topic of a number of other reports. initiated coverage on Coca-Cola FEMSA in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Bradesco Corretora cut shares of Coca-Cola FEMSA from an “outperform” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Wednesday, June 1st. Finally, TheStreet upgraded shares of Coca-Cola FEMSA from a “c+” rating to a “b” rating in a research report on Tuesday, May 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Institutional Trading of Coca-Cola FEMSA

Several hedge funds have recently modified their holdings of KOF. Bristlecone Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 130.1% during the 2nd quarter. Bristlecone Advisors LLC now owns 9,321 shares of the company’s stock valued at $515,000 after buying an additional 5,270 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Coca-Cola FEMSA by 8.4% during the 2nd quarter. Truist Financial Corp now owns 57,343 shares of the company’s stock worth $3,170,000 after acquiring an additional 4,441 shares during the last quarter. Charter Oak Capital Management LLC bought a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth $25,000. Commonwealth Equity Services LLC lifted its stake in Coca-Cola FEMSA by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 13,332 shares of the company’s stock worth $737,000 after purchasing an additional 546 shares during the last quarter. Finally, Veriti Management LLC purchased a new position in shares of Coca-Cola FEMSA in the second quarter valued at about $208,000. Institutional investors own 4.48% of the company’s stock.

Coca-Cola FEMSA Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $56.30 and its 200-day simple moving average is $54.83. The stock has a market cap of $102.30 billion, a PE ratio of 16.86, a PEG ratio of 2.73 and a beta of 0.77.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Coca-Cola FEMSA had a return on equity of 12.44% and a net margin of 7.69%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.39 billion. On average, research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.13 EPS for the current fiscal year.

About Coca-Cola FEMSA

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Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.

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