Coca-Cola FEMSA (NYSE:KOF – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.
Separately, Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $104.00.
Check Out Our Latest Research Report on KOF
Coca-Cola FEMSA Stock Up 2.5 %
Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last released its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, sell-side analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.
Hedge Funds Weigh In On Coca-Cola FEMSA
Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC lifted 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 acquiring an additional 375 shares in the last quarter. Banque de Luxembourg S.A. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $43,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at $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.
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