Coca-Cola FEMSA (NYSE:KOF – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Separately, Barclays upped their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $104.00.
View Our Latest Stock Analysis on Coca-Cola FEMSA
Coca-Cola FEMSA Stock Performance
Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, equities analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Coca-Cola FEMSA
Several hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. boosted its position in Coca-Cola FEMSA by 260.3% in the 4th quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock worth $1,278,000 after purchasing an additional 11,853 shares in the last quarter. Vident Advisory LLC boosted its position in Coca-Cola FEMSA by 37.1% in the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock worth $726,000 after purchasing an additional 2,523 shares in the last quarter. Wexford Capital LP boosted its position in Coca-Cola FEMSA by 11.1% in the 4th quarter. Wexford Capital LP now owns 136,618 shares of the company’s stock worth $10,641,000 after purchasing an additional 13,688 shares in the last quarter. Quantinno Capital Management LP boosted its position in Coca-Cola FEMSA by 15.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,641 shares of the company’s stock worth $284,000 after purchasing an additional 486 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Coca-Cola FEMSA by 2.0% in the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock worth $7,294,000 after purchasing an additional 1,860 shares in the last quarter.
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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