Coca Cola Femsa (NYSE:KOF) Given New $112.00 Price Target at Barclays

Coca Cola Femsa (NYSE:KOF) had its price target raised by Barclays from $110.00 to $112.00 in a research report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also recently issued reports on KOF. The Goldman Sachs Group upped their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group lifted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Coca Cola Femsa currently has a consensus rating of “Moderate Buy” and an average price target of $111.60.

Coca Cola Femsa Price Performance

Shares of KOF opened at $105.85 on Tuesday. The business’s fifty day simple moving average is $104.21 and its two-hundred day simple moving average is $92.80. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, equities analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Trading of Coca Cola Femsa

A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Boston Partners raised its stake in Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares during the period. Bank of America Corp DE increased its stake in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Coca Cola Femsa during the 3rd quarter valued at $12,584,000. Lakewood Capital Management LP purchased a new position in shares of Coca Cola Femsa during the 3rd quarter valued at $10,953,000. Finally, Deutsche Bank AG boosted its holdings in Coca Cola Femsa by 8,190.2% in the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after buying an additional 115,973 shares during the period.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.