Coca-Cola FEMSA (NYSE:KOF) Shares Up 3.4% – Still a Buy?

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) shares shot up 3.4% during trading on Thursday . The stock traded as high as $98.87 and last traded at $98.29. 152,045 shares were traded during trading, a decline of 12% from the average session volume of 172,269 shares. The stock had previously closed at $95.06.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KOF shares. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock 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.com, the company presently has an average rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market cap of $156.32 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The firm has a fifty day moving average price of $86.00 and a 200 day moving average price of $83.40.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KOF. TD Private Client Wealth LLC lifted 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 worth $254,000 after buying an additional 155 shares during the period. Kathmere Capital Management LLC lifted its position in Coca-Cola FEMSA by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after acquiring an additional 206 shares during the period. Avantax Advisory Services Inc. grew its stake in Coca-Cola FEMSA by 1.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock valued at $933,000 after purchasing an additional 212 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola FEMSA by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after purchasing an additional 233 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter worth about $29,000.

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.