Coca-Cola FEMSA (NYSE:KOF – Free Report) had its target price boosted by Barclays from $99.00 to $105.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.
Separately, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $104.00.
Coca-Cola FEMSA Stock Performance
Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.
Institutional Investors Weigh In On Coca-Cola FEMSA
A number of institutional investors and hedge funds have recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. raised its holdings in Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after acquiring an additional 157,530 shares during the period. Corvex Management LP raised its holdings in Coca-Cola FEMSA by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after acquiring an additional 619,931 shares during the period. Itau Unibanco Holding S.A. raised its holdings in Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after acquiring an additional 304,197 shares during the period. JPMorgan Chase & Co. raised its holdings in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Coca-Cola FEMSA by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after acquiring an additional 9,037 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.
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