Coca-Cola FEMSA (NYSE:KOF) Upgraded at StockNews.com

StockNews.com upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

Separately, Barclays boosted 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 note on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $91.32 on Tuesday. The stock has a fifty day moving average price of $83.83 and a 200 day moving average price of $83.07. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $102.28. The firm has a market capitalization of $153.47 billion, a P/E ratio of 15.50, a PEG ratio of 0.62 and a beta of 0.79. 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 (NYSE:KOF) last announced its quarterly earnings data 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 net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Equities research analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several large investors have recently made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola FEMSA during the 4th quarter worth $29,000. Steward Partners Investment Advisory LLC boosted its position in shares of Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after buying an additional 375 shares during the period. Banque de Luxembourg S.A. acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at about $43,000. Finally, Parvin Asset Management LLC acquired a new position in Coca-Cola FEMSA during the 4th quarter worth approximately $56,000.

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.