Coca-Cola FEMSA (NYSE:KOF – Get Free Report) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Friday, Marketbeat Ratings reports.
KOF has been the topic of several other research reports. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 9th. UBS Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the company from $83.00 to $109.00 in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. upgraded Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $89.00 to $102.00 in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.32.
Check Out Our Latest Stock Analysis on Coca-Cola FEMSA
Coca-Cola FEMSA Trading Up 3.0 %
Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.30). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. During the same quarter in the previous year, the firm posted $1.73 EPS. As a group, equities research analysts expect that Coca-Cola FEMSA will post 6.59 EPS for the current year.
Hedge Funds Weigh In On Coca-Cola FEMSA
A number of hedge funds have recently added to or reduced their stakes in KOF. Mercer Global Advisors Inc. ADV boosted its position in Coca-Cola FEMSA by 1.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,252 shares of the company’s stock worth $970,000 after purchasing an additional 107 shares during the period. Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the period. IFP Advisors Inc boosted its position in shares of Coca-Cola FEMSA by 6.5% in the second quarter. IFP Advisors Inc now owns 2,130 shares of the company’s stock valued at $177,000 after acquiring an additional 130 shares during the period. HighTower Advisors LLC boosted its position in shares of Coca-Cola FEMSA by 4.1% in the first quarter. HighTower Advisors LLC now owns 3,532 shares of the company’s stock valued at $282,000 after acquiring an additional 138 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Coca-Cola FEMSA by 4.4% in the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 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. 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, alcoholic beverages, and plant-based drinks.
Further Reading
- Five stocks we like better than Coca-Cola FEMSA
- What is Short Interest? How to Use It
- 5 Trends You Need to Know This Quarter
- How to Choose Top Rated Stocks
- MarketBeat Week in Review – 4/8 – 4/12
- What is a Death Cross in Stocks?
- You Can Follow BlackRock’s Market View for Your Money
Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.