Coca-Cola FEMSA (NYSE:KOF) Upgraded to “Strong-Buy” at StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Several other analysts have also recently issued reports on KOF. Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. UBS Group cut their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, Barclays cut their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $103.91.

Coca-Cola FEMSA Stock Down 0.9 %

NYSE KOF opened at $80.57 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The stock has a market capitalization of $135.41 billion, a PE ratio of 13.68, a PEG ratio of 0.68 and a beta of 0.87. Coca-Cola FEMSA has a 1 year low of $80.34 and a 1 year high of $104.38. The business’s 50-day moving average is $87.08 and its 200 day moving average is $89.30.

Institutional Trading of Coca-Cola FEMSA

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Coca-Cola FEMSA in the 2nd quarter worth approximately $32,000. Blue Trust Inc. boosted its position in shares of Coca-Cola FEMSA by 490.1% in the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 397 shares in the last quarter. Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares in 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.