Barclays Increases Coca-Cola FEMSA (NYSE:KOF) Price Target to $105.00

Coca-Cola FEMSA (NYSE:KOF) had its price target boosted by Barclays from $99.00 to $105.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 21.06% from the company’s previous close.

Separately, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Down 2.7 %

NYSE:KOF opened at $86.73 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $102.28. The company has a market cap of $145.77 billion, a PE ratio of 14.73, a P/E/G ratio of 0.62 and a beta of 0.83. The company’s 50 day moving average is $79.76 and its two-hundred day moving average is $82.86.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of institutional investors have recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. boosted its stake in shares of Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after buying an additional 157,530 shares during the last quarter. Corvex Management LP lifted its holdings in Coca-Cola FEMSA by 138.9% in the fourth 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. boosted its position 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 worth $68,297,000 after purchasing an additional 304,197 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Coca-Cola FEMSA by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after purchasing an additional 9,037 shares in the last quarter.

Coca-Cola FEMSA Company Profile

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.