Coca-Cola FEMSA (NYSE:KOF) Stock Price Expected to Rise, Barclays Analyst Says

Coca-Cola FEMSA (NYSE:KOF) had its target price upped by equities research analysts at Barclays from $99.00 to $105.00 in a research 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 upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $86.73 on Tuesday. The stock has a market capitalization of $145.77 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.62 and a beta of 0.83. The stock has a 50-day moving average of $79.76 and a 200 day moving average of $82.86. 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.

Coca-Cola FEMSA (NYSE:KOF) last announced its 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. Sell-side analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its holdings in shares of Coca-Cola FEMSA by 260.3% during the fourth quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock worth $1,278,000 after buying an additional 11,853 shares in the last quarter. Vident Advisory LLC boosted its position in Coca-Cola FEMSA by 37.1% during the fourth quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock worth $726,000 after acquiring an additional 2,523 shares during the last quarter. Wexford Capital LP grew its stake in Coca-Cola FEMSA by 11.1% during the 4th quarter. Wexford Capital LP now owns 136,618 shares of the company’s stock valued at $10,641,000 after acquiring an additional 13,688 shares in the last quarter. Quantinno Capital Management LP raised its holdings 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 valued at $284,000 after acquiring an additional 486 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Coca-Cola FEMSA by 2.0% in the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock valued at $7,294,000 after acquiring an additional 1,860 shares during 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.