Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives $104.75 Average Target Price from Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $104.00.

Several research analysts have issued reports on KOF shares. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors have recently modified their holdings of the business. Vise Technologies Inc. lifted its position in shares of Coca-Cola FEMSA by 260.3% during the 4th quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock valued at $1,278,000 after buying an additional 11,853 shares during the last quarter. Vident Advisory LLC grew its stake in Coca-Cola FEMSA by 37.1% in the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock valued at $726,000 after buying an additional 2,523 shares in the last quarter. Wexford Capital LP raised its holdings in Coca-Cola FEMSA by 11.1% during the 4th quarter. Wexford Capital LP now owns 136,618 shares of the company’s stock valued at $10,641,000 after acquiring an additional 13,688 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Coca-Cola FEMSA by 15.4% in the fourth quarter. Quantinno Capital Management LP now owns 3,641 shares of the company’s stock worth $284,000 after acquiring an additional 486 shares during the period. Finally, Millennium Management LLC grew its position in shares of Coca-Cola FEMSA by 2.0% in the fourth quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock valued at $7,294,000 after purchasing an additional 1,860 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $87.30 on Tuesday. The firm has a 50 day moving average of $80.11 and a 200-day moving average of $82.88. The company has a market cap of $146.71 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.62 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, equities analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

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.