Coca-Cola FEMSA (NYSE:KOF) Stock Rating Upgraded by 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.

Separately, Barclays raised their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $89.76 on Tuesday. The business’s 50 day moving average price is $83.24 and its 200-day moving average price is $82.96. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company has a market cap of $150.86 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Sell-side analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

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

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.