Coca-Cola FEMSA (NYSE:KOF) Upgraded to “Buy” by Bank of America

Bank of America upgraded shares of Coca-Cola FEMSA (NYSE:KOFGet Rating) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has $157.00 price target on the stock, up from their previous price target of $137.00.

Several other research firms have also recently weighed in on KOF. Barclays raised their price objective on shares of Coca-Cola FEMSA from $72.00 to $77.00 and gave the company an overweight rating in a research report on Monday, December 19th. UBS Group cut Coca-Cola FEMSA from a buy rating to a neutral rating and increased their price objective for the stock from $76.00 to $80.00 in a report on Thursday, January 19th. Finally, StockNews.com began coverage on Coca-Cola FEMSA in a report on Wednesday, October 12th. They issued a strong-buy rating for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $93.50.

Coca-Cola FEMSA Stock Up 3.6 %

Coca-Cola FEMSA stock opened at $73.38 on Monday. Coca-Cola FEMSA has a twelve month low of $50.21 and a twelve month high of $75.17. The firm has a 50 day moving average price of $68.55 and a 200-day moving average price of $63.41. The company has a market capitalization of $123.33 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.64 and a beta of 0.78. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.52.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last released its quarterly earnings data on Monday, October 24th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. Coca-Cola FEMSA had a net margin of 8.09% and a return on equity of 14.07%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.79 billion. As a group, equities analysts predict that Coca-Cola FEMSA will post 3.91 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Coca-Cola FEMSA by 57.0% in the 3rd quarter. IFP Advisors Inc now owns 424 shares of the company’s stock worth $38,000 after buying an additional 154 shares during the last quarter. Charter Oak Capital Management LLC purchased a new position in shares of Coca-Cola FEMSA in the 2nd quarter worth $25,000. Ronald Blue Trust Inc. lifted its position in Coca-Cola FEMSA by 415.8% during the fourth quarter. Ronald Blue Trust Inc. now owns 784 shares of the company’s stock valued at $46,000 after purchasing an additional 632 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Coca-Cola FEMSA during the third quarter valued at $3,710,000. Finally, Quadrant Capital Group LLC grew its holdings in Coca-Cola FEMSA by 57.4% during the second quarter. Quadrant Capital Group LLC now owns 1,262 shares of the company’s stock valued at $70,000 after purchasing an additional 460 shares during the period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola FEMSA

(Get Rating)

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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