Coca-Cola FEMSA (NYSE:KOF) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Separately, Barclays boosted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Stock Up 2.0 %

KOF opened at $89.76 on Tuesday. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $102.28. The firm’s 50 day simple moving average is $83.24 and its two-hundred day simple moving average is $82.96. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $150.86 billion, a PE ratio of 15.24, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. As a group, equities analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA during the fourth quarter valued at $29,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of Coca-Cola FEMSA during the fourth quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth about $43,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Coca-Cola FEMSA in the fourth quarter worth about $56,000.

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.