Brokerages Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Target Price at $111.60

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $111.60.

Several analysts have commented on the company. Barclays lifted their price target on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective on the stock in a report on Wednesday, February 11th. UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group upped their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th.

Coca Cola Femsa Price Performance

KOF stock opened at $97.81 on Friday. The stock has a market capitalization of $164.38 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.04 and a beta of 0.49. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. Coca Cola Femsa has a 52-week low of $80.22 and a 52-week high of $116.36. The stock’s fifty day simple moving average is $105.51 and its 200-day simple moving average is $93.87.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.42 billion. Equities 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 institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares during the period. Smartleaf Asset Management LLC grew its position in Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares during the period. Huntington National Bank acquired a new stake in Coca Cola Femsa during the third quarter worth about $37,000. MAI Capital Management increased its stake in Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Coca Cola Femsa by 490.7% in the 4th 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.

About Coca Cola Femsa

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.