Coca-Cola FEMSA (NYSE:KOF) Upgraded by StockNews.com to “Strong-Buy”

Coca-Cola FEMSA (NYSE:KOF) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also commented on KOF. UBS Group boosted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

Coca-Cola FEMSA Trading Down 2.1 %

Shares of KOF stock opened at $92.83 on Wednesday. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38. The company has a current ratio of 1.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The company’s fifty day moving average price is $97.26 and its two-hundred day moving average price is $90.09.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, research analysts anticipate that Coca-Cola FEMSA will post 6.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth about $29,000. Hartford Financial Management Inc. raised its stake in Coca-Cola FEMSA by 40.1% during the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after acquiring an additional 113 shares during the period. First Capital Advisors Group LLC. acquired a new stake in Coca-Cola FEMSA during the second quarter worth about $51,000. Parallel Advisors LLC grew its position in Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after purchasing an additional 248 shares during the last quarter. Finally, Signaturefd LLC grew its position in Coca-Cola FEMSA by 48.7% in the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 294 shares during 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. 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.