The Goldman Sachs Group Boosts Coca Cola Femsa (NYSE:KOF) Price Target to $111.00

Coca Cola Femsa (NYSE:KOF) had its price target lifted by The Goldman Sachs Group from $97.00 to $111.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 2.94% from the company’s previous close.

Several other equities research analysts have also recently issued reports on KOF. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday. UBS Group upped their price objective on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Barclays boosted their target price on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Stock Up 1.5%

Coca Cola Femsa stock opened at $114.36 on Wednesday. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average is $99.56 and its two-hundred day moving average is $90.26.

Institutional Investors Weigh In On Coca Cola Femsa

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares in the last quarter. Huntington National Bank bought a new position in shares of Coca Cola Femsa during the third quarter worth about $37,000. MAI Capital Management grew its position in shares of Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of Coca Cola Femsa during the 3rd quarter valued at about $49,000.

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.