Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Rating of “Buy” by Brokerages

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have earned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $104.00.

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Institutional Trading of Coca-Cola FEMSA

Several hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC grew its stake in shares of Coca-Cola FEMSA by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock valued at $254,000 after purchasing an additional 155 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after acquiring an additional 206 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Coca-Cola FEMSA by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after purchasing an additional 212 shares during the period. D Orazio & Associates Inc. raised its holdings in shares of Coca-Cola FEMSA by 8.5% during the third quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company’s stock worth $258,000 after acquiring an additional 228 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after acquiring an additional 233 shares during the period.

Coca-Cola FEMSA Trading Down 1.5 %

KOF opened at $84.84 on Tuesday. The firm has a market capitalization of $142.58 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.62 and a beta of 0.79. The firm’s 50 day moving average is $80.57 and its 200-day moving average is $82.78. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. 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 (NYSE:KOF) last announced its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal 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.