Analysts Set Coca-Cola FEMSA, S.A.B. de C.V. (KOF) PT at $91.00

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $91.00.

KOF has been the subject of several recent analyst reports. UBS Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola FEMSA from $66.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Finally, Barclays set a $72.00 price target on shares of Coca-Cola FEMSA and gave the company a “buy” rating in a research report on Saturday, July 28th.

NYSE KOF opened at $60.88 on Wednesday. Coca-Cola FEMSA has a 1 year low of $54.53 and a 1 year high of $79.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.15 and a quick ratio of 0.92. The firm has a market capitalization of $12.87 billion, a PE ratio of 18.67 and a beta of 0.96.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, July 27th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.01). Coca-Cola FEMSA had a positive return on equity of 9.33% and a negative net margin of 7.51%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.59 billion. Analysts forecast that Coca-Cola FEMSA will post 3.11 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. GFS Advisors LLC grew its position in Coca-Cola FEMSA by 77.9% during the second quarter. GFS Advisors LLC now owns 9,480 shares of the company’s stock valued at $535,000 after buying an additional 4,150 shares during the period. UBS Group AG grew its position in Coca-Cola FEMSA by 9.5% during the first quarter. UBS Group AG now owns 27,747 shares of the company’s stock valued at $1,844,000 after buying an additional 2,401 shares during the period. Burgundy Asset Management Ltd. grew its position in Coca-Cola FEMSA by 0.6% during the second quarter. Burgundy Asset Management Ltd. now owns 563,458 shares of the company’s stock valued at $31,796,000 after buying an additional 3,587 shares during the period. PNC Financial Services Group Inc. grew its position in Coca-Cola FEMSA by 126.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock valued at $133,000 after buying an additional 1,313 shares during the period. Finally, Macquarie Group Ltd. grew its position in Coca-Cola FEMSA by 6.3% during the second quarter. Macquarie Group Ltd. now owns 2,217,726 shares of the company’s stock valued at $125,146,000 after buying an additional 131,580 shares during the period. Institutional investors own 6.75% of the company’s stock.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

Recommended Story: Put Option

Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply