Coca-Cola FEMSA (NYSE:KOF) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Coca-Cola FEMSA (NYSE:KOF) posted its quarterly earnings data on Friday. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.22, Zacks reports. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%.

Coca-Cola FEMSA Trading Up 3.4 %

Coca-Cola FEMSA stock traded up $2.93 during trading hours on Friday, reaching $87.87. The company had a trading volume of 208,939 shares, compared to its average volume of 190,875. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The company has a 50-day moving average price of $78.64 and a 200 day moving average price of $82.89. The firm has a market cap of $147.67 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.61 and a beta of 0.83. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28.

Analysts Set New Price Targets

KOF has been the subject of a number of research reports. Barclays cut their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average target price of $104.75.

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.