Coca Cola Femsa (NYSE:KOF) Raised to “Strong-Buy” at Wall Street Zen

Coca Cola Femsa (NYSE:KOF) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently weighed in on the stock. Barclays increased their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. UBS Group upped their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. HSBC reiterated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Coca Cola Femsa has a consensus rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Trading Down 0.1%

KOF stock opened at $110.33 on Friday. The company has a market capitalization of $185.43 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The company’s 50 day moving average price is $106.31 and its two-hundred day moving average price is $105.09.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, analysts predict that Coca Cola Femsa will post 6.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Coca Cola Femsa in the 2nd quarter worth about $2,769,992,000. BlackRock Inc. bought a new position in shares of Coca Cola Femsa in the 2nd quarter worth about $1,017,381,000. Stack Financial Management Inc purchased a new position in Coca Cola Femsa during the 2nd quarter valued at about $26,079,000. Bank of America Corp DE lifted its position in Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after acquiring an additional 274,894 shares during the period. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in Coca Cola Femsa during the second quarter worth about $12,512,000.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.