Wall Street Zen Upgrades Coca Cola Femsa (NYSE:KOF) to “Buy”

Coca Cola Femsa (NYSE:KOF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also recently commented on KOF. Weiss Ratings cut Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. Zacks Research cut Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Finally, 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 research note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Coca Cola Femsa Trading Down 0.9%

Shares of NYSE KOF opened at $85.94 on Friday. The business’s 50 day moving average is $84.39 and its two-hundred day moving average is $89.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The stock has a market capitalization of $144.43 billion, a P/E ratio of 14.97, a PEG ratio of 1.08 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, research analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Trading of Coca Cola Femsa

A number of large investors have recently modified their holdings of KOF. Wayfinding Financial LLC purchased a new stake in shares of Coca Cola Femsa in the first quarter valued at approximately $41,000. Bank of New York Mellon Corp boosted its holdings in shares of Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock valued at $1,537,000 after purchasing an additional 149 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Coca Cola Femsa by 14.2% in the first quarter. TD Private Client Wealth LLC now owns 3,720 shares of the company’s stock valued at $340,000 after purchasing an additional 463 shares during the period. Ninety One UK Ltd purchased a new stake in shares of Coca Cola Femsa in the first quarter valued at approximately $3,979,000. Finally, M&T Bank Corp boosted its holdings in shares of Coca Cola Femsa by 24.2% in the first quarter. M&T Bank Corp now owns 6,109 shares of the company’s stock valued at $558,000 after purchasing an additional 1,191 shares during the period.

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.