JPMorgan Chase & Co. Lowers Coca Cola Femsa (NYSE:KOF) Price Target to $107.00

Coca Cola Femsa (NYSE:KOF) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $111.00 to $107.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 17.45% from the stock’s current price.

Other analysts have also issued research reports about the company. UBS Group upped their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.75.

Coca Cola Femsa Trading Up 2.2%

Shares of KOF stock opened at $91.10 on Wednesday. The business’s fifty day moving average price is $94.45 and its 200 day moving average price is $89.15. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The firm has a market capitalization of $153.11 billion, a PE ratio of 15.29, a P/E/G ratio of 0.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, sell-side analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KOF. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Coca Cola Femsa by 1.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company’s stock worth $113,690,000 after purchasing an additional 19,338 shares during the last quarter. Corvex Management LP grew its holdings in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after acquiring an additional 619,931 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Coca Cola Femsa during the first quarter valued at $88,634,000. Natixis Advisors LLC boosted its position in Coca Cola Femsa by 11.0% during the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company’s stock valued at $24,509,000 after purchasing an additional 26,634 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Coca Cola Femsa by 24.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company’s stock valued at $22,776,000 after purchasing an additional 48,924 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 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.